The Mortgage Medics'
The Impact of a Biweekly/Semimonthly
Traditional bank loan amortization schedules are designed to allow banks to make the maximum amount of money at the beginning of the loan. The Biweekly or Semimonthly mortgage schedule, available through The Mortgage Medics, enables homeowners to guarantee that prepayments are made toward mortgage principal, thereby reducing mortgage terms and out-of-pocket interest charges.
Special Topic on this page: Our Featured Client.
Compare the payoff rates and interest paid on traditional bank loans versus our program's mortgage schedules below.
The Featured Client Data Section
Our Current Featured Client is J.Y.J.Y. has been paying on a $236,000 mortgage for 40 months.
The mortgage terms are: 7.5%, fixed rate, 30-year.
The following table shows how much J.Y. would pay to the bank
over 30 years, versus what will be spent following conversion of the mortgage to a Biweekly schedule through The Mortgage Medics.
How much time and money will J.Y. save by converting
the current mortgage to a biweekly mortgage schedule through
The Mortgage Medics?
Client: J.Y. Mortgage Amount: $236,000.00 Interest Rate: 7.50% Current Term: 360 months Months Paid: 40 Monthly Payment: $ 2,265.73 (Principal, Interest, Taxes, & Insurance) Biweekly Amount: $ 1,135.82 (2265.73 / 2 ) = $ 1,132.87 (1132.87 + 2.95*) = $ 1,135.82 Option #1, Add: $ 0.00 Option #2, Add: $ 25.00 Option #3, Add: $ 50.00 (* A $2.95 Transaction Fee per debit is required.) (Figures rounded to nearest penny.)
Simplified Yearly Amortization Schedule, with Options Year Mortgage Balance Equity Build-Up MSP MSP Plus MSP MSP Split-Pay Opt #2 Opt #3 Current Split-Pay Current Split-Pay Diff. $25 $50 1 233,824 2,176 5 223,297 218,500 12,703 17,500 4,797 217,332 216,165 10 204,836 184,383 31,164 51,617 20,453 178,762 173,141 15 178,006 134,800 57,994 101,200 43,206 122,708 110,616 21 129,309 44,807 106,691 191,193 84,502 20,969 PAID OFF 22 118,851 25,480 117,149 210,520 93,371 PAID OFF 23 107,581 4,652 128,419 231,348 102,928 24 95,436 PAID OFF 140,564 236,000 PAID OFF 30 PAID OFF 236,000
Client: J.Y. Summary of Year by Year Amortization Schedule CURRENT MORTGAGE MSP MSP PLUS PROGRAM SPLIT-PAY OPT #2 OPT #3 ---------------- --------- --------- --------- PAID OFF IN : 30 YRS 23.3 YRS 22 YRS 21 YRS INTEREST SAVINGS : NONE $88,584 $104,092 $117,298 TOTAL INTEREST : $358,049 $269,465 $253,957 $240,751 GROSS PAYMENTS SAVED : NONE 81 96 108 GROSS PAYMENT SAVINGS : NONE $183,524 $217,510 $244,699 EQUIVALENT INTEREST RATE 7.5% 5.875% 5.625% 5.375% AVG YEARLY INT SAVINGS : NONE $3,810 $4,731 $5,586 AVG MONTHLY INT SAVINGS : NONE $318 $394 $465
Note: J.Y. saves an average of $465 every month during the entire 21 year mortgage term. How much can you save on your mortgage?
Request a Free Customized Mortgage Analysis The Mortgage Medics' Program converts traditional bank mortgages (such as 30-year fixed mortgages), to a biweekly or semimonthly mortgage schedule (depending on your preference).
What would you expect to pay for a package containing valuable services that saves homeowners tens of thousands of dollars?
- Some companies charge fees of 1% or more of the interest saved over the mortgage term.(For example, a 1.5% fee on interest savings of $125,000 would net the company $1875.)
- Some companies charge a flat fee of $500.
Source: The New York Times, October 22, 1988
Both fees, the percentage fee and the flat fee, are reasonable,
considering the savings and investment returns delivered.
The Mortgage Medics' Program is a unique combination of services, including many exclusive differences. We are committed to complete customer satisfaction, and saving consumers as much money as possible.
Through The Mortgage Medics' Program, clients can literally earn back their entire enrollment fee, and make a profit from our Referral Commission Programs.
No matter how great your savings, the standard one-time enrollment fee to obtain all of the valuable services described on our pages, is just $395. Discounts on our standard enrollment fee are available every day. Every person who requests a Free Customized Mortgage Analysis has the opportunity to claim a discount.
Our Featured Clients save more money in interest in just a few months on The Mortgage Medics' Program than the entire cost of the enrollment fee. (And they continue to save this amount every month during the entire time they pay on their homes.)
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Probe Consultants assists consumers in the rapid payoff of their loans, through principal prepayment, automatic electronic debiting, annual loan audit, and exclusive benefits not found in other biweekly and semimonthly loan reduction programs, including a $1,000 savings guarantee, a secure loan analysis request form, and one-business day turnaround time on loan analysis requests. This page is part of The Mortgage Medics' Tour.
The Mortgage Medics is a division of:
"Recovering Refunds for Consumers Every Single Day"
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