Do It By Myself
Paying extra payments to your mortgage by yourself or going it alone can also be called the Hit & Miss System. We suggest you give this serious thought as you could be jeopardizing your financial future. Here are the facts to consider:
- Our 30 years of experience has taught us that the Pay Extra Yourself failure rate is very high (over 95%). To enjoy the savings shown by our calculator you will need to be consistent, beyond the ability of 95% of the homeowners who try and fail, month after month, year after year until paid in full.
- Lifestyle temptations get in the way of good intentions without an automated system.
- By law Lenders cannot accept partial payments and will send a half-payment back to you or deposit into an account labeled unapplied funds.
- Bottom Line, Do It Yourself means you have less money each month for bills, slower acceleration, more work and less time to spend with family, friends, etc.