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Here's What The Experts Are Saying |
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New York Times-
"A bi-weekly mortgage is best for financially sophisticated
home buyers, for move-up home buyers and for anyone who
wants faster equity build up... USA Today "What
started as a mortgage lender's marketing gimmick is on
its way to becoming the hottest home loan of the decade.
It's the bi-weekly mortgage... Wall Street Journal "When repaid on a bi-weekly schedule, a $70,000 mortgage at 10.5% annual interest produces a savings of $60,000 compared with a standard 30-year payback." In a "CBS" EVENING NEWS Report It was stated by Hayden Edwards about bi-weekly mortgages ... " I believe that, within 3 years, it will be, by and large, the predominate mortgage in the country." Los Angeles Times "The only way you can justify a 30 year mortgage is with a bi-weekly payoff." Money "The result on a $100,000, 30-year mortgage at 10%, for example, is that you can burn your mortgage in just under 21 years and save $78,359 in interest." Wall Street Journal "The Federal National Mortgage Association (Fannie Mae) believes this type of mortgage could appeal to many homebuyers who want to reduce interest payments over the life of the loan, and build up equity faster... a bi-weekly program establishes a structure for speedier payments." Consumer Reports "Whether you already have a mortgage or are in the market for a new loan, you can probably save tens of thousands of dollars by 'investing' in your mortgage. If you took out a $100,000 bi-weekly mortgage instead of a regular 30-year mortgage at 10.5 % interest, you could save nearly $86,000 in interest over the life of the loan." Robert G. Allen (author of Nothing Down and Creating Wealth, the best selling real estate books in history) "AAA Financial Corp. has created the most exciting program I've ever seen, helping homeowners save literally a fortune on their mortgages! The bi-weekly and mortgage auditing program is a real must for every homeowner who wants to get ahead financially!" Parents "The simple fact is that a bi-weekly mortgage not only saves the home buyer a bundle, but makes him or her a homeowner much sooner than the traditional monthly mortgage does." Business Week States that "You Can Save a Considerable Amount of Money" through this plan. Bi-Weekly Payments are recommended by the editors of Forbes, New York Times, Sylvia Porter's Personal Finance, and many other publications. |
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