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steelglass

Joined: 21 Oct 2008
Posts: 3
2.21 Dollars($)
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Posted: Tue Oct 21, 2008 7:30 am Post subject: Do you know about this free biweekly service? |
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| Did you know that there is now an absolutely free biweekly conversion available for your existing loan? It's true! I and several friends have enrolled into the Equity Express Program which (in my case) saves me over $60,000 and cuts 7 years off of my loan. All financial analysts are saying that it's important for us to retire our long term debt as quickly as possible, and this does just that and it's free. Equity Express is at 888-438-5536 |
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jameshogg

Joined: 20 Dec 2005
Posts: 4291 Location: nevada
509.34 Dollars($)
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Posted: Tue Oct 21, 2008 10:14 pm Post subject: |
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Hi steelglass!
I have also heard about the free biweekly conversion offered by Equity Express. But I do not have much idea about it. You have said that the bi-weekly conversion has saved you over $60,000 and cuts 7 years off of your loan which I think is great. But can you tell me something about the calculations that are done in the biweekly conversion? It will help me to understand the whole thing in a better way.
Thanks. |
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steelglass

Joined: 21 Oct 2008
Posts: 3
2.21 Dollars($)
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Posted: Wed Oct 22, 2008 11:36 am Post subject: Equity Express Biweekly |
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| Hey jameshogg: I had them run an analysis on my particular loan based upon: Loan Start Date, Original Loan Amount, Interest Rate, Term, and Total Monthly Payment. They then calculated the exact savings in interest expense, term reduction, and an equivalent effective rate of interest based upon the true cost of the loan. |
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smithsussane

Joined: 18 Sep 2008
Posts: 3738 Location: Alaska
561.45 Dollars($)
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Posted: Thu Oct 23, 2008 12:22 am Post subject: |
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Hi steelglass!
I just went through your post on Equity Express Biweekly Program. I think its great. However, can you show me some calculations? That will help me to understand the program in a better way.
Thanks,
Sussane |
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steelglass

Joined: 21 Oct 2008
Posts: 3
2.21 Dollars($)
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Posted: Thu Oct 23, 2008 9:53 am Post subject: Biweekly Mortgage |
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Hi Sussane: You can run your own analysis at "www.equityexpress.net/Analysis.aspx"
[Link deactivated as per forum rules. Thanks.] |
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