Equity Plus Biweekly Mortgage Payment Program Saves you Money
Equity Plus is a simple and easy way to have huge savings on your loans. Instead of sending a check to your lender each month, the Equity Plus Program will electronically debit your designated checking or savings account for a portion of your payment each and every time you are paid. For example, if you are paid biweekly, Equity Plus will collect one-half of the regular monthly payment plus a small transfer fee every other Friday timed along with you pay cycle.
These bi-weekly debits add up to 26 half mortgage payments, the equivalent of 13 full mortgage payments, so that each and every year we apply one additional mortgage payment directly to reduce the principal balance on your loan. If you want to save even more, we can tailor a program to pay off your loans even faster saving you thousand more in interest. Anytime Equity Plus collect any additional funds, we direct those funds to reduce your principal balance immediately on the next mortgage payment.
All funds are transferred through the Automated Clearing House under strict regulation of the Federal Reserve, Regulation E, and NACHA rules and regulations. All monies are drafted through JP Morgan Chase in an account that is licensed and insured with the Banking and Financial Department. All monies are FDIC insured during the payment process.