The power of the federal government to impact the bottom line of American families with a rate hike can be unsettling.
With one stroke of a pen, the cost of borrowing money just got higher when the Federal Reserve voted to increase a key interest rate. And it’s widely anticipated that a future rate hike is coming.
If you’re sick and tired of the folks in Washington having that kind of control over your hard-earned money, the good news is you can fight back by making one simple change in how you pay off your loans.
By using a biweekly payment plan, you can cut the total amount of interest you’ll end up paying on your debt while shortening the time to payoff. It’s a very simple strategy, but not one that many people know about.
It’s surprisingly simple — you take your regular monthly mortgage payment, divide it in half, and pay that amount every two weeks. By doing this you will slowly accelerate the payoff of your loan and save money in the process! You can use the strategy for many types of debt including mortgages, car loans, student loans and credit cards.
So while the Fed rate hike shows they think they can decide how much you’re going to get charged by the big banks, show them you know better and sign up for a biweekly loan program today. It’s easy, and our free online calculator will show you exactly how you stand to benefit from this exciting program.