How does this program pay my loan off early?

By collecting bi-weekly payments equal to half of your monthly payment, we help you to actually make 13 payments each year. Once this payment is made, it greatly reduces the principal amount of the loan which also reduces the amount which accrues interest and can pay off your loan up to 8 months faster, depending on the particualr terms of your loan.

Can I do this with my mortgage too?

Absolutely! If the savings on a car loan can equal thousands of dollars, just imagine saving hundreds of thousands over the term of your mortgage! Just contact us for details.

Is there a cost for this program?

Yes. There a fee associated with the program, but it is collected during the term of the note and results in no out-of-pocket expenses to the customer.

If there's a fee, wouldn't it be smarter for me to do it myself?

Yes. It has been our experience, however, that only the most disciplined, structured people actually do this. After only a few weeks on our program, it becomes second-nature to the majority of enrollees, providing the discipline that most of us usually don't have when it comes to saving money. Also, most people who do try to do this program themselves find the lenders make it very difficult to accomplish. Some require written notice of intent, almost all lenders require verbal authorization to have extra funds applied to principal. Without this, the lender usually will just apply the additional funds to the next month's payment, saving you no interest at all.