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What Experts Say:
WALL STREET JOURNAL "A
$70,000 mortgage at 10.5% annual interest produces
savings of $60,000 when repaid on a bi-weekly
schedule."
THE NEW YORK TIMES "Biweekly
Mortgage: A Way To Build Equity. A biweekly mortgage
is best... for anyone who wants faster equity
buildup. The idea of biweekly mortgages is
'simplicity itself'...The result: a reduced term,
substantial savings in interest and acceleration of
equity."
PARENT "The simple fact is
that a biweekly mortgage schedule not only saves the
homeowner a bundle, but makes him or her a homeowner
much sooner."
NATIONAL COUNCIL OF SAVINGS INSTITUTIONS "Bi-weekly
payments are 'pro-comsumer' becaus ehte correspond to
America's paydays making mortgage payments much
easier for homeowners who are on a tight budget or
have a difficult time saving money."
WASHINGTON POST "It Pays to
Check Loans For Overcharges; Of 9,000 Adjustable Rate
Mortgages checked, errors were found in nearly half.
Average refund owed to homeowner: $1,588.00."
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