Is the Mortgage Freedom System a bi-weekly program?
NO. This is not a bad way to pay your mortgage, and it will work, but there are issues. TheMortgage Freedom System offers many more options and works MORE THAN twice as fast. With a bi-weekly, instead of making one mortgage payment ONCE per month, the payment is made every two weeks. The strategy is that over a 12 month period an additional payment, the 13th, is paid which generally accelerates a 30 year loan by 6-7 years. However, many lenders won’t accept a partial payment and some companies will hold those funds until the balance is received without applying it. This kills the advantage. There are also third party companies that will provide this service for you, for a fee. We suggest you stay away from those people. The Mortgage Freedom System generally eliminates most mortgages in 7-9 years.
