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Biweekly ! Bi-weekly Mortgage Information
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Sounds Smart... But Is It Safe?
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Economic Advantages Corporation (EAC) was founded in 1989, after prepayment
penalties on residential mortgages were lifted. We discovered the benefits of
the biweekly mortgage and our goal became bringing these benefits to all
Americans. Successfully helping people means success for our company.
Therefore, the most stringent guidelines were put in place to accomplish this
goal.
All client funds are transferred through the Automated Clearing House (ACH)
under the strict regulation of the Federal Reserve. These funds are deposited into
Citibank, NA, the banking division of the world's largest financial institution.
Dating back to 1812, Citibank has some 200 million customer accounts in more than
100 countries and $1.8 Trillion in assets. The account is
maintained solely for the purpose of making client mortgage and principal
payments.
Economic Advantages Corporation uses state-of-the-art computer technologies to
track the entire process from electronic debit through disbursement. This
ensures accurate and timely transfer of our clients' payments to their lending
institutions. Our highly qualified Client Services Department is available to
provide assistance and answer any questions our clients may have.
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