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| About Our Services | ||
| What are the fees involved? | ||
| How can you offer free enrollment? | ||
| How do you make money? | ||
| Does the program work with loans other than a mortgage? | ||
| Is your program compatible with my lender? | ||
| How does your program work? | ||
| Once I've signed up, how long does it take before I'm officially enrolled? | ||
| How are funds withdrawn or distributed? | ||
| Can I pick the day funds are withdrawn from my account? | ||
| Do you offer an annual mortgage audit as one of your services? | ||
| About Our Company | ||
| Can I depend on your service? | ||
| I have other questions I don't see answered here. | ||
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| What are the fees involved? | ||
| There is a banking transaction fee of $3.50 per debit. This is a banking services fee charged by banks every time money is transferred electronically. There are no signup or enrollment fees. |
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| How can you offer free enrollment? | ||
| We have created a state-of-the-art biweekly system using today's cutting edge Internet and security technology. This has enabled us to avoid the high overhead paper-based companies face. Our goal is to pass these savings on to you, thereby giving you the best biweekly service available. | ||
| How do you make money? | ||
| Just as you are able to open an interest-bearing account with your local bank and collect interest on your funds, we've done the same. The volume of funds moving through our system every day is significant enough to allows us to reduce our signup fees to zero and therefore provide a better service for you. |
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| Does the program work with loans other than a mortgage? | ||
| Absolutely! Our service works with almost ANY type of loan. Many people enroll their cars, student loans, first and second mortgages, commercial loans, etc. |
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| Is your program compatible with my lender? | ||
| Absolutely! We work with your lender to establish the best method of payment... either an electronic credit (ACH) or a paper check. So, if your lender can accept a check from you, you're all set. | ||
| How does your program work? | ||
| Click here to learn more. | ||
| Once I've signed up, how long does it take before I'm officially enrolled? | |
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| It's immediate! | ||
| How are funds withdrawn or distributed? | ||
| Funds are automatically debited from the account (checking or savings) you choose during signup. The funds are submitted to your lender every month in the form or either an electronic transaction or a paper check. |
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| Can I pick the day funds are withdrawn from my account? | ||
Absolutely! During signup, you'll be given your choice of not only the day of the week you wish to be debited, but also you can pick from several start dates up to 6 months in advance! |
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| Do you offer an annual mortgage audit as one of your services? | ||
No, we don't. Some biweekly service firms offer a "free" mortgage audit. This is really not an "audit" in the financial sense, as if it was performed by an accounting professional or a CPA. Rather, it is a projection based upon the information the homeowner provides and the payments made through the loan servicing firm. Your mortgage company provides an annual interest paid and principal due statement to the homeowner for tax purposes each year. This report is the best "free" audit for the homeowner and you are already getting it annually. |
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| Can I depend on your service? | |
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| We understand as a homeowner, you're cautious about handing the payment of your loan over to someone else!
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| I have other questions I don't see answered here. | |
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| We'd love to answer all your questions or concerns. Please visit our Contact Page to email us. |
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