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EquityCorp.
began in 1985
and since that time has opened the doors to financial freedom
for thousands across the United States. It has set the
industry standards for all to follow and continues to be the
innovator in the mortgage reduction business.
The
Mortgage Payoff Acceleration Program
(MPAP) is a simple, proven
method that allows homeowners to save thousands of dollars in
interest payments on their mortgages, reduce the mortgage term
by almost a third, and build home equity three times as fast,
all without very expensive refinancing. This is accomplished
by tailoring a homeowner's payment method to the way most
Americans get paid: every two weeks. Instead of paying
monthly, half a mortgage payment is debited every two weeks.
That is the equivalent of making 13 monthly mortgage payments.
The results are amazing! On a typical 30-year, $100,000
mortgage, with an interest rate of 8.5%, a homeowner would
save over $50,000 in interest payments.
After a homeowner enrolls in MPAP, Equity Corp. automatically
transfers half a mortgage payment every two weeks from the
homeowner's primary checking or savings account into the MPAP
trust account, administered by one of America's largest and
most secure banks - Citibank FSB. Each month, a check is
forwarded to the homeowner's lender from the MPAP account.
Money can only be taken from this account to make a mortgage
payment. No third party ever has control or touches the money.
And, it is fully FDIC insured up to $100,000.
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