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Prime Equity introduces interest-reducing loan

National Mortgage Professional
Mar 24, 2014

Prime Equity introduces interest-reducing loanMortgagePress.comInterest-reducing deposit mortgage

Prime Equity Mortgage Group has launched the Home Ownership Accelerator loan, a mortgage loan designed to reduce interest paid by having the borrower deposit his paycheck directly into his home loan account. By doing this, interest accrues more slowly than if the money were being held in an unrelated checking or savings account in order to pay bills at a later date.

When the borrower needs access to his money, he simply writes a check against his home loan account or uses his ATM/debit card or the online bill payment option. Unlimited checks, an ATM/debit card and online bill payment are all provided free of charge to the borrower.

Prime Equity Mortgage Group is a mortgage brokerage based in Boise, Idaho. For more information, call (888) 700-8050 or visit www.primeequity.com.

Published
Mar 24, 2014