09.11.07
Bi-Weekly Paychecks and the Money Merge Account
If you get pay bi-weekly, you can pay off your mortgage faster using the money merge account than by applying your extra income to the mortgage by yourself.
Why is this? The money merge account can help you pay off your mortgage faster because of cash flow and interest calculation. The software uses advanced algorithms that can analyze how much you get paid and how often you get paid, and apply a specific amount from the advanced equity line of credit to your mortgage so that you can take full advantage of the interest calculation in the system. So if you get paid more often, the HELOC will apply more to the mortgage balance, so that you pay less interest and are debt-free faster.
If you are interested in learning more about the money merge account, talk to a financial advisor at U First and plug in your numbers in the mortgage amoritization calculator to see how fast you can pay off your mortgage.
Mortgage Accelerator said,
March 22, 2008 at 10:11 pm
This is great information considering most homeowners are paid bi-weekly. Keep the good information rolling. Thanks.