Statistics show that less than 3% of all homeowners make any kind of consistent pre-payment on their own.

How does it work?

Easy Equity is an automated bi-weekly payment program that takes the guesswork out of building equity in your home. Every two weeks we will initiate a payment (equal to ½ your normal monthly payment), essentially allowing for one full extra payment towards the principal balance every year. Since there are 52 weeks in a year, you'll end up making 26 half payments, or 13 FULL payments. This additional payment is placed directly towards your loan principal balance, therefore reducing interest charges year after year.

Example:

Let's take look at a mortgage with a principal balance of $150,000, a term of 360 months, and an interest rate of 6%.

· Monthly principal and interest payment = $899.33

· Total Interest Paid During Life of Loan = $173,757

Using the Easy Equity Plan Option

· Bi-Weekly Payment = $449.67

· Total Interest During Life of Loan = $135,294

· The loan is paid off in 24 years, instead of 30, and saves in excess of $38,000!!

It's just that simple!

Would you like more information? Click Here to allow one of our Planners to help...

Josh Perrington

1st Metropolitan Mortgage | Roanoke, VA

www.1st-Metropolitan.com | Josh@1st-Metropolitan.com