What would you do with an extra *$40,542?

The GMAC Mortgage bi-weekly payment plan is an easy way to save thousands. Call to sign up now:

800-508-2689

Want to lower the true cost of your home and keep tens of thousands of dollars in your pocket? It's simple. All you have to do is pre-pay some of your principal. Doing this regularly shortens the term of your loan, cuts the total number of payments and saves you an amazing amount of money.

In fact, with a thirty year mortgage of $150,000, you could cut the term of your mortgage by over five years and save $40,542 in interest just by making one extra payment per year. If you're an extremely well-organized and disciplined person who seldom faces emergency expenses, you could just set money aside and write a check once a year. But if you're like most people, coming up with an extra mortgage payment in a lump sum isn't all that easy.

That's why we think you'll like this idea: simply pay half of your mortgage payment every two weeks. Since the year has 52 weeks, you'll have made 26 half payments at the end of the year. That means you're 13th mortgage payment is made automatically and you've hardly felt the pinch! Use our Bi-Weekly Calculator to figure how much you can save in interest. Call 800-508-2689 to sign up now, or if you're just applying for a mortgage, tell your Mortgage consultant that you want to save thousands with bi-weekly payments.

Compare your payment options on a $150,000 mortgage with an interest rate of 6.25%

If you make monthly payments:

• You pay $923.58 monthly.
• You take 30 years to repay.
• You pay $182,484 in total interest.

If you make accelerated bi-weekly payments:

• You pay $461.79 bi-weekly.
• You take 24.3 years to repay.
• You pay $141,943 in total interest.

That’s an interest savings of $40,542!

The average savings of homeowners who pay their mortgage payments in bi-weekly increments is $40,542,* and as our example shows you, you could save even more. If you're a current GMAC Mortgage customer, call 800-508-2689 to sign up now!

It's easy! It's automatic! You'll pay for your home faster. And you'll save tens of thousands of dollars in interest. What could be better than that? So don't wait. Check out your savings with the Bi-Weekly Mortgage Calculator to figure your savings and then sign up today!

Call 800-508-2689 to sign up now!

*Advertised interest payment reduction is for example only and is based on a $150,000 loan amount financed at 6.25% interest (6.532% APR) for 30 years with bi-weekly payments of $461.79 starting in the first year. Your interest payment reduction may be less and may vary based on loan amount, interest rate, number of bi-weekly payments, and the length of time you keep the loan. Half monthly mortgage payment is withdrawn from your bank account every 2 weeks; full monthly mortgage payments are applied to your loan once a month. Extra withdrawals are used to pay the one-time, non-refundable enrollment fee and then applied directly to principal. Biweekly transaction fees apply. Minimum loan amount is $15,000; minimum loan term is 10 years. Available only on first-lien mortgage loans, except the following: interest-only loans; balloon payment loans; loans where the servicing is not retained by GMAC Mortgage; affinity loans. Borrowers with a mortgage payment delinquency in the past 30 days are not eligible. Other terms, conditions & restrictions apply. Call for further details.