The Current Mortgage Has a Pre-Payment Penalty - What Now

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• Is This a Bi-Weekly Payment Program

  No. Bi-weekly programs have a homeowner make a payment every two weeks (same monthly amount broken into two payments) to effectively cut off 7.5 years a 30-year mortgage on average. Our system actually works reduces the mortgage even better than ...

• Can This Remove A Mortgage / Home Loan

  Debt Removal Secrets will not work if one still possesses the home. A home is considered a secured debt because an asset can be seized. If the the home is no longer in one's possession, the debt / derogatory mark itself can be removed from the credit ...

• Mortgage Insurance (MI) + Private Mortgage Insurance (PMI) vs Mortgage Protection Insurance (MPI) + Mortgage Insurance Protection (MIP)

  Both Mortgage Insurance (MI) and Private Mortgage Insurance (PMI) are a type of mortgage insurance one might be required to pay for with a conventional mortgage, which only protects the lender should the borrower stop making payments on the loan. ...

• Can The Home Loan Be Recast To Lower Payment & Interest

  Yes. A loan recast is when the lender will reamortize the loan with the new (lower) balance. It is typically used when one has paid a lump sum toward the outstanding balance, in turn reducing the remaining monthly payments and interest. When a loan ...

• Can Assets Be Transferred If Payments Are Still Left (Mortgage or Loan)

  Yes, one can transfer assets with payments still left. For example, a car will have a Bill of Sale stating the loan amount left. A home will have the Quitclaim Deed showing the amount still remaining for the mortgage.