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What is a MORTGAGE SAVINGS PROGRAM™?
How do I determine my Bi-Weekly Mortgage Savings?
Why don't banks offer this service?
Who is AAA Financial?
If you have a 30 year
mortgage, here are the disturbing facts:*
- You will pay
nearly 3 times the amount
you originally borrowed before paying off your loan!
- It will take you
23 years
just to pay off 1/2 of the amount you originally borrowed!
- It will take
nearly $500,000
in gross income
to net $300,000
in mortgage payments to pay off
a $100,000 loan!
- If you move
about every 5-7 years, like most Americans, you are really paying
91%
of your payments toward interest of
your loan!
- By making one simple
adjustment in how you make your payment, you will...
- SAVE over
$61,000 dollars! That's
money you can save for your retirement and financial security.
- SHORTEN
your term nearly 9 years!
That's over 100 payments you won't have to make!
- BUILD your
equity 3 times faster!
This rapidly increases your net worth and helps you get out of debt
much faster!
- SIMPLIFY paying
your mortgage each and every month!
How? By
simply changing your payment frequency from once a month to half a
payment every two weeks through an automatic process!
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Here's an
Example: $100,000 Loan at 8.5%
-
By
simply converting the
monthly payment of $1,000 to $500
on a Bi-Weekly basis, you'll make
26 one-half payments
over a year's time. That's the
equivalent
of 13 monthly payments.
-
Through the use of sophisticated banking technology and
electronic debiting
you will automatically make an extra payment of
$500 to principal
about every 6 months!
|
Comparison |
30
Year Loan |
Mortgage Savings Program |
|
Current Payment |
$1,000 PITI |
$500 Bi-Weekly** |
| Paid
Off In |
30 Years |
21.2 Years! |
| Total
Interest Paid |
$176,811 |
$115,784! |
| You
Save |
$0 |
$61,027! |
- Most
lenders sell their mortgage on the
secondary market
right after they originate them.
- Many
lenders,
from a system's standpoint,
are not set up
to handle partial
or bi-weekly payments!
- Some lenders
offer bi-weeklies but you must
originate a new loan,
costing you thousands of dollars in
unnecessary expenses
and closing costs!
- A few lenders
offer a program similar to Mortgage Savings Program ™, but
does not
offer the mortgage auditing, or guarantee the savings!
- With all the
lender miscalculations
which cost Homeowners billions of dollars, you're safer having an
independent expert prepaying and auditing your mortgage!
That makes better financial sense!
- Most lenders sell their mortgages on the secondary market. (EX.
FNMA/FHLMC)
THE
LENDER THAT HOLDS YOUR LOAN WANTS TO COLLECT ALL THE INTEREST IT CAN
FROM YOU!
AAA Financial is the
Nations Leading Biweekly Administrator and one of the the first companies in the U.S.
to provide biweekly payment administration. WE ARE NOT AN AFFILIATE
OF AAA AUTOMOBILE.
AAA Financial Corp.,
founded in 1980, is the leading mortgage pre-payment lender and
administrator in the country! Licensed and bonded by the Banking and
Finance Department, The Mortgage Savings Program ™ is highly
regulated by Federal Reserve policies, Regulation E, and NACHA
rules and regulations. We are HUD approved, and licensed.
Here's How it Works:
- Your Biweekly
Payments are held in a
TRUST ACCOUNT
which is fully FDIC
insured at [BANK ONE],
one of the largest banks in the United States with over $300 Billion
in assets.
- Your funds
are withdrawn from your account and received by your Mortgage
Institution. Your
Bank remains responsible under Regulation E of the Federal Reserve for
your money.
- Under the Regulation E
policy, funds debited from your account are protected against fraud
or loss for a period of sixty (60) days from the draft date.
AAA Financial Corp., because of the tremendous growth of the
Mortgage Savings Program™, was recently selected to Inc.
Magazines prestigious Inc. 500 as the
177th fastest
growing company in America!
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