Why Should I Want The Bi-Weekly Mortgage Payment Plan?

The Bi-Weekly Mortgage Payment Plan is one of the easiest ways to build up equity more quickly and pay off your mortgage loan years earlier than you would otherwise. The secret is making half of your regular monthly payment every two weeks - with 26 bi-weekly payments a year, you end up making 13 instead of 12 monthly payments. A 30 year loan can be paid off in as few as 22 years, just by virtue of using The Bi-Weekly Mortgage Payment Plan. Wouldn't you like to have your house paid off early? There are many reasons to elect to use this payment option.

• Pay off your loan earlier - generally about 22 years for a 30 year loan
  
  
• Build up equity faster - so that you will have more cash when you sell your house
  
  
• Save thousands in interest charges
  
  
• Receive many of the benefits of a 15 year loan (early payoff, interest savings), but qualify more easily
  
  
• Receive bi-weekly benefits with no fee, if you sign up within 90 days of closing
  
  
• Bi-weekly payments match up well with bi-weekly pay periods
  
  
• Be free to change your mind - since this is a payment option, not a whole new loan product, you can switch back to a 30 year payment schedule at any time (one time).