"Biweekly" Mortgages

      This program allows the borrower to make one-half of the monthly mortgage payment every two weeks, which adds up to one extra payment per year.  This mortgage program helps the borrower save thousands in interest
 

• A Biweekly program results in a substantial savings in interest over the term of the loan and allows the consumer to pay off the remaining principal faster. It can also serve to lower your monthly payments as your are paying off more of the principal amount than you would be on a monthly cycle.
   

• In a biweekly schedule, there are 26 biweekly periods which works out to 13 full monthly payments as opposed to 12 monthly payments with no penalty.
   

Call and speak with us today and one of our Loan Professionals can guide you toward the best loan option for your needs.