Of course, it felt really cool when you got your Home Equity Line of Credit after all all of a sudden you had a large reservoir of cash so you could pretty do or buy or do whatever you wanted. Nice Feeling until that first payment comes due.
Now you've got to pay all that money back -- with interest!
If you use your bankers payment schedule you will be paying off this loan for a long, long time and paying them a huge amount of interest.
Worse yet, you may not be paying enough to ever pay off this loan. Check your last statement. How can you tell if you are paying enough to payoff this loan? If you discover that you are set up to never pay off this loan, you need to do two things right now.
- Find out on your statement or a Loan Payoff Calculator how much you should be paying. Click Here for some hints about how to use this calculator to figure out how to gain control of your Home Equity loan.
- Click Here to download our Free Mortgage Manager™ Software to examine the payoff schedule you've set up to optimize your loan payments to your (probable) paycheck schedule. This program could take months (if not years) off your payment schedule and save you thousands in interest.
Even if you are paying enough to pay off this loan, do you really want to pay that much of your hard earned cash in interest. Click Here to figure out how much this loan will really cost.
Wow! Is that a large number or what?
Luckily, there is a way that you can beat the system. If you don't like the amount, you will have to pay over the life of the loan, Click Here to download Mortgage Manager™ Software. This software will allow you to optimize your loan payment schedule to save you as much as possible and fit your (probable) biweekly paycheck schedule in private with confidence that no salespeople will call. This program can take months (if not years) off your payment schedule and save you thousands in interest.
Why would I want to use Mortgage Managers Schedule?
Each of your payments starts by paying the interest you owe your banker, and then any left over cash reduces your principle balance by a tiny amount. Next month, the amount you paid (however small) reduces the amount of interest you owe so slowly you increase the portion of your payment that reduces what you owe.
But Mortgage Manager Makes your Home Equity Loan payments work for YOU!
On the standard payment schedule, the bank calculates the amount of interest you owe as one-twelfth of your annual interest cost. Since each payment you make has a corresponding interest cost you, pay off your home equity loan quite slowly, (usually most people who don't refinance still owe on their Home Equity Loans when they sell.
If your loan were on a 10-year payoff schedule, it would be "paid-off" in 2015. However, there is a way to use your biweekly schedule of getting paychecks to help you shorten your mortgage payment schedule and avoid 20, 25, 30, or more payments.
Every other week, the system debits half of your monthly mortgage payments from whatever account you specify. After debiting two payments, the Mortgage Manager service provider electronically sends next month's payment to your bank. The funds debited from the two extra payments become a special payment that reduces what you owe on your mortgage.
Interest costs eat up none of your annual extra payment so it goes really far to reduce what you owe. After making this bonus payment, every following monthly payment reduces what you owe a little more than originally planned. Every month you owe less interest, so you pay off even more of your balance. Each payment reduces your balance due more than planned so you end up saving big bucks. You get the idea once you get a little ahead on your interest; your payments have more debt reducing power. Eventually these little savings turn into an avalanche of cash.
What would you do if you could legally stop paying your home equity loan/line of credit up to 30 payments early?
Letting your Banker dictate the payoff schedule means you make him rich!
You don't have to settle for making your banker rich before you get free of this Home Equity loan.
Click here to confidentially, and securely, see how much money and how many headaches this program will save you. Sign up because you want to save money by making your payment schedule work for you, and enjoy the savings and security that you'll receive Free.
Save this money and it is YOURS - no strings attached.
If you prefer to receive this VALUABLE Software on a diskette as soon as possible, please click the Buy Now Button
