Bi-weekly mortgage payments - A program where the borrower pays half the mortgage payment every 2 weeks as opposed to the standard once a month payment. This will allow the borrower to make 13 payments (52 weeks/2=26 weeks) in a year as opposed to the standard 12 yearly payments. The major benifit of this program is that you pay the loan of early while saving thousands of dollars in interest over the life of the loan.You can expect to knock off at least 4 years of loan payments on a 30 yr loan
There are different types of 100% loans. You can
either get 1 loan for 100% or an "80/20" loan. Speak to your mortgage
professional to see which program is best for you!
