|
|
| If you had |
$30,000 |
$30,000 |
| With a payment of: |
$640.06 Monthly |
$320.03 Bi-weekly |
| At an interest rate of: |
10% |
10% |
And a term of:
|
60 Months |
56 Months |
Your estimated term reduction would be:
|
-0- |
4 Months |
| With an estimated Equity Benefit due to reduced interest of: |
-$0.00- |
$558.64 |
| And an estimated Equity Benefit due to accelerated payments of: |
-$0.00- |
$1,550.68 |
The example is for demonstration purposes only. Any
changes in interest rate, refinance of the
subject loan, or additional payments will have a
significant affect on the savings & payment
schedules. Some of the figures are ESTIMATES and do not
include the enrollment fee or banking
service fee. For further
detail regarding the calculations, please refer to the
Dealer Information page.
How it works...
The Equity 4 U Acceleration Program enables consumers to reduce
both the loan and payoff period and interest payments on their auto loans
by providing
an equity acceleration
program which generates bi-weekly direct loan payments.
This program has revolutionized consumer vehicle financing just as equity acceleration programs have done for the home mortgage industry.
By making one simple adjustment in how you make your payment,
you will...
- SAVE hundreds to thousands of dollars in interest!
That's money you can save for your retirement and financial security!
- SHORTEN your term years! That's several payments
you won't have to make!
- BUILD your equity 2 to 3 times faster! This rapidly
increases your net worth and helps you get out of debt much faster!
- SIMPLIFY paying each and every month!
- How? By simply changing your payment frequency
from once a month to half a payment every two weeks through an automatic
process!
It's been happening in the Mortgage business for years.
Wall Street Journal
"Fannie Mae believes this type of mortgage could
appeal to many home buyers who want to reduce interest payments over
the life of the loan and build up equity faster." |
USA Today
"…a 30 year loan is reduced to about 20
years. That sharply cuts the amount of interest you pay during the
life of the loan …on a $100,000, 30-year loan …you'd
cut the interest - a savings of $77,635. Also, …you'd build
up more equity earlier." |
The Charlotte Observer
"…why not do what smart financial planners
do? Pay off your mortgage early and potentially 'save' or 'earn'
thousands of dollars. By getting rid of high rate personal loans
and a 30-year mortgage albatross around your neck, you can probably
make more money than by plowing your cash into measly paying CDs." |
Why Don't Most Lenders Offer This?
- Most lenders sell their mortgages on the secondary market right after
they originate them. (How many times have you received a statement asking
you to send your payments to another company?)
- Many lenders, from a system stand point, are not set up for bi-weekly
payments!
- Some lenders offer bi-weeklies but you must originate a new loan, costing
you thousands of dollars in unnecessary expenses and closing costs!
- With all the lender miscalculations which cost Homeowners billions
of dollars, you're safer having an independent expert prepaying and auditing
your loan! That makes better financial sense! After all, you wouldn't
want the IRS preparing your tax return would you?
|
