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Do you know about this free biweekly service?

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Icon Mini Profile steelglass





Joined: 21 Oct 2008

Posts: 3

2.21 Dollars($)
Post 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
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10164
Location: Nevada
944.24 Dollars($)
Post 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.
Icon Mini Profile steelglass





Joined: 21 Oct 2008

Posts: 3

2.21 Dollars($)
Post 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.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10045
Location: Alaska
921.83 Dollars($)
Post 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
Icon Mini Profile steelglass





Joined: 21 Oct 2008

Posts: 3

2.21 Dollars($)
Post 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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