Burning a Church Mortgage Early is Cause for Celebration
An accelerated loan payment plan on a church mortgage is great way to teach wise stewardship. On a $1,500,000, 30-year fixed rate mortgage at 4.5%, you will pay the bank more than $1,236,104.70 in interest by the end of your loan term! Applying principal-only payments will decrease the loan balance to which the interest is applied thereby shortening the term and decreasing the overall cost of your church. Save $216,445 and pay off your mortgage almost 6 years early by enrolling in the The Mortgage Eraser Toolkit for Churches.
The Mortgage Eraser Toolkit for Churches
Our MORTGAGE ERASER TOOLKIT FOR CHURCHES system includes the enrollment of one mortgage loan: This plan will triple your equity. Erase 7,10,15 years or more off their loan's term. With our Preferred Biweekly System*, the interest saved is enormous. This plan will also lower your net effective interest rate up to 33% or more. Most importantly, BWMA performs regular audits to ensure accuracy and lender accountability. Be a Good Steward - Why pay your lender more than necessary?