How does the US Mortgage Reduction Equity Acceleration Program work?
The Equity Acceleration Program works in direct cooperation with your existing mortgage. There’s no need to change lenders, no qualifying, no lengthy applications, no closing costs and no credit check. The EAP simply changes the way you pay your lender. Let’s take a look: Instead of you paying your mortgage the old fashioned way — mailing one payment per month, our biweekly system puts the discipline most needed in place to make 26 half payments per year. Sounds easy. Yet, statistics show that less than 3% of all homeowners make any kind of consistent pre-payment on their own. With the EAP system, painlessly and effortlessly, an extra payment accumulates every year. These extra funds are then applied exclusively to the principal portion of the mortgage! That will save a typical homeowner $50,000 to $100,000 (or more) in unnecessary interest charges and, cut 8 to 10 years worth of payments off of a 30 year mortgage! Another benefit is that anyone can build equity (ownership interest) n
