Mortgage Relief Tips: Save with EMPP | PC Marks Insights

 Mortgage Relief Tips: Save with EMPP | PC Marks Insights 

Use your tax refund to reduce mortgage debt with EMPP. Save on interest, improve credit, and plan for financial freedom this year and beyond.  

Relief in the Mortgage Slump: How to Use Your Tax Refund to Save Your Home 

Summer has ended, and the holidays are around the corner. Thanksgiving and Christmas will soon be fond memories. Some will party, watch the ball drop, attend sunrise services at church, kiss loved ones, and resolve to make changes for the new year. 

According to most studies, the top ten New Year’s resolutions are: 

1. Spend more time with family 
2. Quit smoking 
3. Take better care of yourself 
4. Lose weight 
5. Enjoy life 
6. Quit drinking 
7. Learn something new 
8. Help others 
9. Get organized 
10. Get out of debt 

Of these, getting out of debt is often the most focused goal. And if you’re thinking about freeing up some cash by paying off your mortgage sooner, there’s a little-known way to make a real big difference. 

What is EMPP (Early Mortgage Payment Program)? 

The Early Mortgage Payment Program (EMPP) is offered by some financial institutions to help homeowners reduce their mortgage interest over time. It’s a one-time opportunity offered when you’re closing on your mortgage, and it can save you a significant amount of money over the life of your loan. 

How it works: 

1. Pay one month ahead on your mortgage. 

2. Then, pay half the mortgage every two weeks instead of monthly. 

3. A larger portion of each payment goes toward your principal, reducing your loan balance faster. 

If done consistently, a 30-year mortgage could be paid off in 15 years, saving thousands of interest payments and improving your credit score. 

Example: How EMPP Saves You Money 

Say your mortgage balance is $100,000 with a $1,200 monthly payment at 4% interest, including insurance and PMI (Private Mortgage Insurance). 

• Initial payment applied to principal: ~$660 

• Paying one month ahead and splitting payments biweekly reduces your balance faster. 

• Each payment recalculates interest based on the lowered principal, accelerating payoff. 

Result: Your loan balance drops faster, you pay less interest, and your credit score can improve. 

Important: Missing payments reverses the benefits—interest accrues on a higher balance, and more money goes to the bank instead of your principal. 

Click here to learn more Tips to Join EMPP Successfully 

• Ensure you have extra funds available to pay one month ahead. 

• Continue biweekly half-payments consistently. 

• Factor in other financial obligations to avoid missing payments. 

Even if you can’t join this year, start saving now to take advantage of it EMPP next year. 

 

How Savings Highway Global Can Help 

Savings Highway Global offers programs that: 

• Lower your bills 

• Raise your credit score 

• Help you save more money 

Some programs are free to join, providing tools to make EMPP or other debt-reduction strategies achievable. 

 Final Thought: 

If you can use your tax refund toward EMPP, it’s a smart way to reduce debt, save on interest, and improve financial health. Speak with your local branch representative for details and start planning for next year if you’re not ready now. 

#pcmarksinsights, #MortgageRelief, #EMPP, #GetOutOfDebt, #FinancialFreedom