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FREQUENTLY ASKED QUESTIONS

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Frequently Asked Questions

Q. Will I have to refinance my mortgage in order to enroll in the Bi-Weekly program?
A. No! You can keep your current mortgage or loan.

Q. Does the BiWeekly Mortgage Payment Program work with loans other than mortgage loans?
A. You bet! It works with just about any type of loan you can imagine: student loans, car loans, commercial
     loans, second mortgages, you name it!

Q. Is the BiWeekly Mortgage Payment Program compatible with my lender?
A. Yes!

Q. Will I need to contact my lender or bank?
A. No! This will all be taken care of for you!

Q. Will I have to pay a penalty if I cancel my enrollment in the BiWeekly Mortgage Payment Program?
A. No! The only "penalty" you would pay is the savings you'd be missing out on!

Q. What if I refinance my mortgage or sell my property?
A. Your account will be transferred to you new mortgage. There is no additional charge to you.

Q. What if my mortgage is sold?
A. Same as above. It's all taken care of for you at no cost.

Q. Will my payments remain the same?
A. Your Bi-Weekly payments will be half your current monthly payments (plus a small debit free of $3.75)
     made every 2 weeks instead of once every month.

Q. How long has Build-Home-Equity been in business?
A. Build-Home-Equity.com is an approved broker for Mortgage Saver. Mortgage Saver (a division of
     AutoLink Payment Services) has been in business since 1996, and is an affiliate member of the Federal      Reserve's ACH division, NACHA, and licensed by the Financial Institutions Division of the Department
     of Business and Industry.

Q. What assurance do I have that my account is secure?
A. Federal Regulation E protects consumers from unauthorized electronic debits. All funds are FDIC
     insured.

Q. Why can't I just contact my lender and set up a BiWeekly Mortgage Payment Program myself?
A. There are very few lenders who will accept Bi-Weekly payments from you, but they will accept them
     from Mortgage Saver. As members of the Federal Reserve, all banks and lenders must follow the
     Federal Reserve's policies for ACH transactions.

Q. How will I make my biweekly mortgage payments?
A. It's all done for you! Payments will be auto-drafted from your bank account (either checking or savings
     account, your choice) every other Friday. No more hassle writing and mailing checks, or remembering to
     make payments.

Q. When will my account be debited for biweekly mortgage payments?
A. When you enroll in the program, you will receive a "welcome package" that lists the dates of your debits
     and the dates payments are applied to your loan. You will also get a yearly statement detailing the debit
     dates for the coming year.

Q. On what day is my account debited?
A. On Fridays, every other week.

Q. How can I be sure my biweekly mortgage payments have been made?
A. They will appear on your monthly bank statements.

Q. Will enrollment in the Biweekly Mortgage Payment Program in any way help to eliminate my PMI (Private
     Mortgage Insurance)?

Q. What is the "effective interest rate"?
A. The "effective interest rate" is based on the actual interest you'll pay over the life of your loan when
     you enroll in the Bi-Weekly program.

     "Interest rate" depends on the amount you pay in interest as a percentage of the amount you borrow.
     By shortening the time it takes to pay off your loan, the amount you pay in interest is far less than you
     would have paid otherwise, while the loan amount remains the same. Thus, your actual (or "effective")
     rate of interest is far less than the rate you would otherwise have paid.

Q. How do I get started?
A. CLICK HERE to register for the Biweekly Mortgage Payment Program. Once you have paid your initial fee, you      will be redirected to a form to fill in and submit.

Q. What information will I need to submit?
A. In addition to your personal contact information, you will need:

• The date of your original loan
• Original loan amount
• Original term (how many years was the loan for?)
• Interest rate
• Monthly principal & interest
• Monthly Escrow
• Address of the property
• Name, address, & phone number of lender
• Loan account number
• Name & phone number of your bank (from where you want Bi-Weekly payments to be debited)
• Your bank account number and routing number

Q. Where do I find this information?
A. Most of the above information can be found on your monthly statement or on the original loan
     paperwork. Your bank account information can be found on one of your checks, or on your bank
     statement.

Q. How long will it take between the time I submit my enrollment information and the time I'm officially
     "signed up" for the Biweekly Mortgage Payment Program?

A. Usually one business day or less.

Q. So how much is all this going to cost me?
A. We're currently offering a $100 instant rebate that will be ending soon.
     While the rebate lasts, your entire enrollment fee is $394.65 TOTAL paid over six months as follows:

• An initial payment of $144.90 (Includes a $94.95 set-up fee plus the first of 6 monthly installments of $49.95 each)
• 5 additional monthly payments of $49.95/month

    (You will also be charged a small transaction fee of $3.75 with each BiWeekly payment debit)

     Now compare your total enrollment fee to the $50,000 to $60,000 you will save (on average) over the life
     of your loan!

    Your cost will be a paltry 0.8% - 0.65% of you savings in interest payments! Not to mention the fact that
     you'll be building equity in your home up to 3 times faster and pay off your loan years sooner!

     Now ask yourself:

"Does it make any sense NOT to enroll in the Build-Home-Equity
Biweekly Mortgage Payment Program?"

Bottom Line ........................
"So How Much Will I Save?"

How much you will save with the Build-Home-Equity Biweekly Mortgage Payment Program will depend on the following factors:

• The balance on your current mortgage
• The remaining term (number of months left on your loan)
• The interest rate on your loan

CLICK HERE and enter the above information.

We will provide you with a comprehensive Loan Amortization Comparison Table.

Enroll Me NOW!

To enroll in the Build-Home-Equity Biweekly Mortgage Payment Program take these 3 simple steps .....

1. Look up the following information - refer to your monthly loan statement or the original loan      paperwork.
   • The date of your original loan
   • Original loan amount
   • Original term (how many years was the loan for?)
   • Interest rate
   • Monthly principal & interest
   • Monthly Escrow
   • Address of the property
   • Name, address, & phone number of lender
   • Loan account number
     
     Also look up the following - refer to your check or deposit slip, or call your bank.
   • Name & phone number of your bank (from where you want Bi-Weekly payments to be debited)
   • Your bank account number and routing number
     
     
2. CLICK HERE to pay your initial fee of $144.90 ($94.95 Set-up fee plus $49.95 for the first of 6 monthly installments)
   
   
3. You will be directed to a page where you will enter and submit the information you collected above.

THAT'S IT!

We do the rest! You'll never again have to write a check, address an envelope, stamp and mail it, or even have to remember when your payments are due.

It's all taken care for you. All you'll have to "worry about" is how you're going to spend the extra thousands of dollars you'll be saving!

Contact Build-Home-Equity.com

Feel free to contact us with any questions.

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