Are Biweekly Mortgages a SCAM?
There are a few select articles floating around the internet to attempt to promote Biweekly Mortgages as a scam, before you make an incorrect judgment you may want to consider that likely these few articles have been generated by a disgruntled person or two who more than likely failed to understand how these programs work; and how to maintain complete control of your program. I would like the realization for every single person making these claims, probably to their own ignorance, there are likely thousands of homeowners that are in the process of comfortable enjoying the long list of benefits associated with a bi weekly plan – coupled with an incredible level of certainty. Certainty that the outcome will be as desired – you equity builds faster, your home paid in full sooner, etc.
Our bi-weekly program gives you every bit of flexibility you presently have, while at the same time delivering an incredible amount of certainty that you will achieve the desired result: pay your home off quicker, eliminate the hassle and headache of having to do it yourself:
Consider all these areas everyday where the majority, the smart consumer choose to pay a few dollars more for something simple they could do themselves:
Rotate Tires, Change Oil in Car
Cook food (eat out at restaurant)
Paint nails (manicure, pedicure)
Shine Shoes
Most all the above services listed , like a biweekly mortgage, do not require a high level of technical knowledge – nor are the extraordinarily difficult to perform. The number of smart consumer who choose to continue with these services, those who choose to leverage their time, glad pay a few small dollars to ensure the desired result and not have to mess with ; or spend time having to stop and think about doing it themselves.
Doing it incorrectly can cost you multiples
You pay for certainty every single day – you pay to ensure results, effectiveness. You pay to spend your time doing more productive tasks; to spend with loved ones. Unless you earning less than minimum wage many would argue that paying less than $10.00 to ensure the dramatic results of a biweekly program is a small price to pay – so small it’s negligible.
Is there a cost? Yes. It’s dwarfed by the benefits.
If I told you I could save you ten payments for the cost of one would you do it without hesitation? Absolutely.
What if I could save you twenty payment for one? Thirty? Fourty? Fifty? I’m not kidding – it’s a small price to pay.
Consider this simply starting the biweekly plan today will likely eliminate a minimum of 7 years of your mortgage. 7 years of monthly payments, twelve payemtns per year – a little quick math = 84 payments in your pocket, you bank account, retirement account – NOT your lenders.
A bi-weekly mortgage scam? Hardly!
A sometimes misunderstood highly effective financial tool – absolutely!
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