is WeXL for real?

I'll tell you the secret. Shhh, don't tell anyone.
Either send in a thirteenth payment every year, or send in the next months principal payment with the current months payment everytime.
Next thing you know you've paid your loan off early.

Yes, you can do this. It's for real. I am not familiar with that particular company, however. Once I was associated with a different company whose customers were paying off their mortgages and other debts this way. You can save literally many thousands of dollars.

You can also set this up to where you have no more out of pocket on a monthly basis than what you are currently spending on debt payments. Yet everything still gets paid off years sooner.

Depending on how the company sets it up, it often involves refinancing your current mortgage and/or obtaining a home equity line of credit.

Some of the companies in this market sell you the software that informs you how much money to send for which debt at which time. It takes diligence to make sure you are sending everything on schedule to get the best results.

Other companies in this market work it out to where you pay them a certain amount each month and they handle all the transactions. This takes trust in the company that is sending these payments.

I would suggest you do research, your due diligence, on any company you wish to use. Ask for references. Get some quotes from a couple of the companies in this market, and choose the route that works best for you.

If your main purpose is to pay off your mortgage sooner, there are also several other ways you can do this. Simply turning your mortgage into a bi-weekly payment instead of a monthly payment can save you something like 7 to 10 years of payments on a 30 year mortgage. What you do here is to pay half of what you are currently paying for a monthly mortgage, and you pay it every 2 weeks. So in four weeks, you are paying the same thing as a monthly payment. What makes the difference is that when you pay every 2 weeks, you are making 26 payments per year. Divide that by half, and it is like making 13 monthly payments. On a monthly schedule, you would make only 12 payments. So you are making an extra payment every year, without really noticing it.

If you get paid once a month from your job or business, this might be a problem. But if you get paid like every week or two, then you will not notice the difference, but you will pay off your mortgage many years sooner.

If this is something that interests you, you would need to work it out with your mortgage company so that the payments benefit you in the way that you desire. If you just start sending 1/2 payment every 2 weeks it will not work, because the mortgage company will simply hold one payment until they get enough for an entire monthly payment, and then apply it normally.

If you have a little extra to spend, it helps tremendously to send in extra money with instructions to apply the funds to the Principal. This also saves you lots of money if you do it regularly.

So there are options. If you like the way this company that you asked about does it, then do your diligence on the company, and if their plan works for you, then go for it.

Kathryn