Finance Articles

Mortgage Payment Calculating Software Saves Borrowers Thousands In Interest

Plantation, FL (PRWEB) October 4, 2007 -- The convenient, patented mortgage calculating software and payment service, once traditionally distributed through CD Roms, is now available to all homeowners seeking interest savings, via a free download at http://www.waystosaveyourinterest.com. This benefits homeowners as well as financial planners, Realtors and credit counselors who may choose to use this software as a sales tool.

Buying a home for most people is an exciting experience. Paying for a home on the other hand often garners more worrying than it does excitement. Why are homeowners so concerned with paying off a mortgage on a home? The answer often stems from mortgage interest rates.

On an average 30 year mortgage, with an interest rate of 10 percent one will be expected to pay nearly triple the price of their home in mortgage payments. This does not include refinancing, equity loans, or lines of credit taken out against the home that could lead to even more debt. The bottom line is that mortgage interest rates are causing borrowers to pay multiples more for their home than the actual purchase price.

One company that specializes in helping borrowers save money is Mortgage Manager. Mortgage Manager, available at WaysToSaveYourInterest.com is a unique software application that calculates how much one could save on their mortgage by paying bi-weekly mortgage payments instead of the traditional monthly payments.

While each borrower's situation is unique, it is not unheard of for an average borrower to save tens of thousands of dollars in mortgage payments by using the bi-weekly system.

Mortgage Manager provides borrowers with an easy to follow step by step software program that takes their current mortgage details, and instantly calculates the savings the borrower would receive if they choose to make bi-weekly payments.

WaysToSaveYourInterest.com offers the software as a free download on its homepage. In fact, the bi-weekly payment service that created the software also is free for the borrower to take advantage of.

With a highly governed, bonded and insured electronic payment option, the borrower does not have to worry about losing their mortgage payments to theft or human error when using this bi-weekly payment system. Further, the bi-weekly mortgage payment program offered at WaysToSaveYourInterest.com allows you to save between 5 and 15 years in mortgage payments by paying off your home early.

As the economy and real estate market continue to exist in a state of flux, interest rates will most likely be on the rise, as market uncertainty prevails. It is a relief to know that services like WaysToSaveYourInterest.com exist to help those with a mortgage pay it down years faster with thousands of dollars in savings.

To download the free mortgage savings software visit www.WaysToSaveYourInterest.com

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