Real estate blog entries tagged with savings by Michael Creed (Envoy Mortgage)

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Home : Blogs : Michael Creed : Michael Creed's Blog : Tag "savings"

savings: Bi-Weekly Mortgage Loans - 07/14/07 03:20 PM

Bi-Weekly Mortgage Loans

A bi-weekly mortgage can and will save you thousands of dollars in interest cost over the life of your loan. This happens because you amortize your loan faster and, in turn, you shorten the time it takes before you own your home free and clear. Isn't that a nice thought? Let's say it again, free...and...clear!

Instead of making monthly payments, bi-weekly mortgages require a mortgage payment every other week. For instance, let's say your normal monthly payment was $1,500 per month, with bi-weekly programs, you would have to pay $750 every two weeks. If you do … (0 comments)

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Michael Creed

Oconomowoc, WI

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Envoy Mortgage

Address: 405 Forest St, Suite 109, Oconomowoc, WI, 53066

Office Phone: (262) 293-5144

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