The Mortgage Manager(TM) is a Bi-weekly mortgage service that is FREE to the homeowner. In the comparison between a regular monthly mortgage WITHOUT the FREE service and the Bi-weekly payments WITH the service. You will find 2 saving figures, Interest savings and Total savings. The reason for this is because there are some arguments throughout the industry as to which of these is the "actual" savings. Interest savings is the net amount of interest the homeowner would have paid to their lender by not using the FREEBi-weekly service. Some people say this is the only savings you can realize. Total savings is comprised of the total number of payments which would have been paid to the lender by not using the FREEservice, But which have been eliminated, multiplied by the payment amount less taxes and insurance. Others say this is the actual savings that the homeowner is going to have available to them. Due to the difference in opinions. the Mortgage Manager(TM) savings analysis calculates and presents both savings figures, which is standard throughout the industry.
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