WaMu Equity Accelerator

The Washington Mutual Equity Accelerator® Program is designed to help you manage the investment in your home more wisely. It enables you to pay your mortgage off more quickly. This convenient payment system automatically transfers a portion of your loan payment electronically from your checking account at the same time that you get paid — typically, every other week. The Equity Accelerator Program then applies those payments to your mortgage, once a month based on your monthly due date.

It's a financial program that works quickly. In a typical 30-year mortgage, the interest is proportionally higher in the first 5 to 10 years. That's exactly where this program can help you — by significantly reducing your principal and interest. You accumulate extra funds that are applied directly to your principal balance. As a result, you build equity more quickly, pay less interest and pay your loan off earlier, even if you refinance your mortgage.

This program is a new and exciting way to reduce the term of your loan and save you thousands of dollars in interest payments!

Benefits for You

• Build Equity Faster
  The equity in your home will grow at a much faster rate since more money is applied directly to principal.
• Payday-to-Payday Withdrawals
  Select from weekly, biweekly, semi-monthly or monthly withdrawals on any business day. The Equity Accelerator Program withdrawals can be customized to fit your unique needs.
• Electronic Payments
  Avoid late charges. Use the program to make sure your payment is on time, every time.
• One Time Enrollment
  It stays with you for the life of your loan and any other mortgage you might acquire. If your loan is sold, or if you decide to refinance, simply contact us with your new loan information and let us do the rest!
• Interest Earnings
  You receive interest on funds held in a custody account pending a full loan payment.

Call today for your FREE personalized savings estimate at (800) 897-0204 or click on the "Let's Go" button to receive your estimate and to enroll.