Translate this Site

Contact Information

James A. 'Jim' Byler
Coldwell Banker Residential Brokerage
Post Road Market Place 318 Main St, Suite 165
Northborough, MA, 01532
Office: 508-449-4026
Fax: 508-449-4026
Lic. #: 9043270 (Massachusetts)
paying mortgage bi-weekly Print

What about splitting my mortgage in two and paying bi-weekly?

Some people set on paying off their home loan early and reducing interest charges opt for a biweekly mortgage. Monthly payments are divided in half, payable every two weeks.
Because there are 52 weeks in a year, the program results in 26 half-payments, or the equivalent of 13 monthly payments per year instead of 12. Using the biweekly payment system, a homeowner with a $70,000, 30-year biweekly mortgage at 10 percent interest could save $60,000 in interest and pay off the balance in less than 21 years.


Questions about Boston MetroWest Real Estate?

Ask us below or Call us Now at 508-449-4026
First Name*
Last Name*
Email*
Phone
Street
Town/City
State
Zip Code
How did you hear about me?
If from Website, which one?
Question / Comments
Enter the code:
 Reload image
 
Last Updated ( Tuesday, 29 July 2008 )
 
< Prev   Next >

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!
"This website is NOT the official website of Coldwell Banker Residential Brokerage" Coldwell Banker Residential Brokerage, is an Equal Opportunity Company. Equal Housing Opportunity. CBRB is owned and operated by NRT Incorporated. All rights reserved.

Just Listed RSS Feed

See the newest properties as soon as we enter them in your favorite feed reader!

Don't worry about missing the right one... we make it easy for you!
RSS

Payment Estimator

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
$
Monthly payment:
$