Mortgage Saver is a division of AutoLink Payment Services, we began providing Bi-Weekly payment processing in 1996. We are a leader in payment processing and Bi-Weekly Payment Services.
Our goal is to help consumers save thousands of dollars in interest on their mortgage. Most consumers pay their lenders 3 to 4 times the amount borrowed. Our primary function is as a third party administrator, acting in a fiduciary capacity, collecting and remitting funds. With Mortgage Saver, your payments are made electronically, so you will never have to write a check to your mortgage company again! Every other Friday, Mortgage Saver will automatically debit one-half of your mortgage payment from the account you designate.
By paying half of your mortgage payment every two weeks, instead of once a month, you will make one extra payment over the course of a year. In fact, you will make an additional half payment every six months and will significantly shorten the life of your loan. Many Mortgage Saver clients save up to 10 years of payments and save thousands of dollars of interest.
Build Equity Faster You build equity in your home by paying down principal, not interest. In a biweekly system, every six months, an extra half-payment is paid toward your principal. Even if you sell your home early, you still benefit by actually owning more of your house than if you didn't use our mortgage savings program.
Reduce Your Term / Increase Your Interest Savings In a normal mortgage, your home will take the full 30 years to pay off... with $0 savings in interest. If you had a 30 year fixed mortgage for $200,000 at 8% and used our mortgage savings program, your term would be reduced to less than 23 years and you would save over $90,000. And by paying an additional $250 every month, your home would be paid off in 16 years and you would save even more!
We collect from a customer checking or savings account using the safe and secured Federal Reserves Automated Clearing House (ACH) system. We make payments to almost every lender in the United States and have direct payment partnerships with many institutions including Chase Manhattan, Citi Mortgage, GMAC, US Bank, and Wells Fargo Bank.
The service has been wonderful and the benefits are tremendous.
We are very happy with the professional service and personal attention we have received.
Switching over to the Mortgage Saver Program was extremely easy.
We found the Mortgage Saver processing center to be very knowledgeable and helpful. It was very easy to implement their program.
We have seen such a tremendous response from this product that several people here at CBS have enrolled in the program. Great company!
We are very pleased to be involved with a company that offers such positive benefits to our broadest base of listeners...homeowners.