Do I have to Fill Out an Application and
Refinance my Loan?
Should I trust and do business with LZL
Equity Programs, Co?
Can I find out how much money I can save on my mortgage?
How many years can I reduce from my mortgage?
No. This
program works with your current mortgage.
After LZL receives the Authorization Form, we withdraw bi-weekly from
your checking account half of your monthly payment and we pay your mortgage
bill for you. Because you are making
twenty-six half payments LZL is able to apply one additional mortgage payment
to the principal of your loan. By
making this extra payment each year you are able to save tens of thousands of
dollars and reduce the number of years you pay on your mortgage by 7 to 10
years.
No. All
you have to do is fill out the Electronic Fund Transfer (EFT) Authorization
Form to get started.
Yes. You can send additional payments to your mortgage
company at any time. The problem is
very few people have the self-discipline to administer a program for
themselves. In fact, 97% of American
homeowners do not pre-pay their mortgage.
This means only 3% of Americans do pre-pay but only a small percentage
of these individuals do so on a regular basis.
By using this program you can be assured your mortgage will be paid off
with optimal result in a safe and professional manner.
No. Most
biweekly mortgage providers charge a setup and enrollment fee ranging from
$195.00 to $395.00. This is because
many biweekly mortgage providers use brokers to market their product charging
the setup fee and enrollment fee to produce their profits. LZL does not use a broker to market this
program and charges no enrollment and setup fee. The bottom line is LZL is a low cost
provider of this program. The only out
of pocket expense is the service fee charge of $2.50. This fee is administered with each biweekly electronic
transaction from your checking account.
This fee compared to other biweekly providers is also low cost
considering other companies charge as much as $4.00 per electronic payment.
Yes. LZL Equity Programs, Co. exists solely to help homeowners
like yourself save money and reduce the number of years you pay on your
loan. We will provide the best possible
service and if at anytime you are dissatisfied call or email our office to
discontinue your program.
To
ensure your money is safe LZL Equity Programs Company uses one of the largest
financial institutions in the Midwest (Member FDIC) to process your bi-weekly
withdraws. All money withdrawn from
your account is regulated by the Federal Reserve and subject to rules and
regulations set by NACHA.
Yes. LZL
Equity Programs, Co. can help you with this in one of two ways. The first is by providing the following
information in the form of an email or a phone call: 1) Current balance of your mortgage, 2) Number of years remaining
on your loan, 3) Amount of your monthly payment, 4) Option you would like to
consider (i.e. $50 extra payment per month) and 5) Current interest rate or if
by mail or fill
out the Mortgage Comparison
Form and fax or mail it to our office.
We will then provide you with a “Mortgage Payoff Comparison of Monthly
Payments to Biweekly Payment” for your current mortgage. Our office takes about 2 to 3 business days
to process the form and mail the results of the analysis to you.
The second way is to use the
calculator provided in this web site.
It will provide estimated saving in interest and payoff period when
paying your mortgage biweekly. It also
estimates the years reduced on a full term loan of 30 years.
LZL Equity Programs Company will
service your account. We are not
affiliated with your mortgage company.
Biweekly payments are withdrawn from your checking account
electronically through one of the nations leading electronic processing
institutions, processing over 6-billion transitions annually. Payment are mailed (or electronically
transferred) on or before your due date in time to be processed before the
grace period expires.
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