Bi-Weekly Mortgage Versus Mortgage Cycling - Facts You Need To Know

Does Mortgage Cycling Really Build Up Equity 10 Times Faster The Bi-Weekly Mortgages?

(PRWEB) January 9, 2005 -- With all the talk about Mortgage Cycling versus Bi-Weekly Mortgages which one is right for you? Choosing the right one could literally save you thousands of dollars on your mortgage over the life of your loan.

Bi-weekly mortgages became popular a few years back when interest rates were extremely high and it made a lot of sense to pay as much on the principal of your mortgage as you can in a systematic way.

The way it works is that your mortgage payments are split in two every month so you end up paying (26) 1/2 payments instead of 12 whole payments which in effect ends up paying one additional month towards your principal.

Doing this ends up saving the average homeowner thousands of dollars on the interest payments over 30 years and shaves off around 7 years of payments. Not bad for back then. But as interest rates started to drop the net effect of savings are not as great now as they were when rates were higher.

To learn more how mortgage cycling builds equity 10 times faster then bi-weekly mortgages visit:
http://www.affiliaterevenuesource.com/mortgage-cycling

But with the discovery of a recent mortgage loophole by Craig Romero, a senior mortgage analyst, Mortgage Cycling was born. Mortgage cycling allows a homeowner to build up 10 times faster then biweekly mortgages and allows you to pay of your 30 year mortgage in 10 years or less.

Mortgage cycling allows a homeowner to build up equity in their home fast using a patent pending technique. So fast that it ends up paying off a traditional 30 year mortgage in just about 10 years. Using a typical $150,000 loan for thirty years at 7% interest I have compared the difference of a bi-weekly versus mortgage cycling and the difference is dramatic.

                 Bi-weekly      Mortgage Cycling
Equity 1 year        $1,520         $14,061

Equity 3 years     $4,900         $44,972

Equity 5 years     $8,787         $74,179

Equity 9 years     $18,397         $136,429

No matter what your current interest rates of mortgage term, mortgage cycling will dramatically cut down your payment time and interest payments to your mortgage company. Imagine what you could do with all that extra money that you can put back in your pocket instead of your mortgage company.

Isn't it at least worth your effort in checking out mortgage cycling? It could be the best investment decision of your life. To find out more on mortgage cycling and to see other examples and testimonials on how successful it has been for countless others visit:
http://www.affiliaterevenuesources.com/mortgage-cycling .

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