| A Biweekly Mortgage Payment Calculator will make | | | | of payment to a biweekly plan. |
| you think twice about how you pay your mortgage. | | | | In case you've never heard of "biweekly mortgage |
| If you own a home and are currently paying off a | | | | payments", a bi weekly payment plan doesn't require |
| mortgage, there are a few shocking facts that you | | | | changing lenders nor does it change how much you |
| should be aware of. | | | | pay per month. To stat it in simple terms, it's just an |
| In the first place, by the time you've paid your | | | | alternative WAY to make payments on your |
| mortgage off you will have paid roughly 3 times the | | | | mortgage loan. |
| amount of the loan itself. Furthermore, assuming you | | | | Instead of paying once a month, you cut the payment |
| had a 30 year mortgage it will take a full 23 years to | | | | amount in half and pay every two weeks. |
| pay only half of your loan! An appalling reality to say | | | | Just by using a biweekly mortgage payment calculator |
| the least! | | | | you'll come to realize the enormous advantage of this |
| Now that raises the question - is there a way to | | | | method, concerning the amount of interest paid and |
| rectify the matter? Some people look to refinancing to | | | | the number of years it will take to repay your loan. |
| resolve the matter. | | | | Another import issue is convenience! |
| But although refinancing might mean a lower interest | | | | Instead of having to watch your budget and come up |
| rate the fact remains that you'll still have to pay | | | | with one big payment on a monthly basis, you will pay |
| interest that far exceeds the amount of the loan. And | | | | every two weeks but make only 1/2 a payment. And |
| in addition you'll be burdened with closing costs and the | | | | because most people get a paycheck every 1 - 2 |
| inevitable paperwork. But there's a better alternative. | | | | weeks, the payment schedule can be set up to |
| A biweekly mortgage payment plan will cut your | | | | coincide with payday, making it easier to budget your |
| interest paid in terms of not only hundreds or | | | | finances. |
| thousands - but TENS of thousands - of dollars! | | | | If you want to know just how much YOU can save |
| The actual amount you will save is dependent on your | | | | by going to a biweekly payment plan, you can find out |
| remaining balance, term, and the current interest rate | | | | in just a few seconds. |
| on your loan. But a biweekly mortgage payment | | | | Locate a Biweekly Mortgage Payment Calculator and |
| calculator will instantly reveal the figures as well as a | | | | get your answer instantly! |
| amortization table that contrasts your existing method | | | | |