Lowest interest costs. The Equity Savings Program Proud Sponsor of the Economic Advantage Corporation. Mortgage Excel 629 Townline Road . It is a Systematic Mortgage Payment and Prepayment Program. It utilizes a payment system which by itself creates the opportunity to save tens of thousands of dollars in m ortgage interest and usually 8-12 years off the term of the loan .
Most people make one regular monthly mortgage payment to their Lender.
The Equity Savings Programs utilize a weekly and biweekly automatic debit payment system. The way the system works is very simple, but the results are truly life-changing. Instead of making one full monthly mortgage payment, payment is made either, every one or two weeks. Because most people don't realize that by doing this you have created the most powerful savings account you will ever have. Every six months an extra half-payment is collected.