The Wall Street Journal
"The Federal National Mortgage Association (Fannie Mae) believes this type of mortgage could appeal to many homebuyers who want to reduce interest payments over the life of the loan, and build up equity faster… a bi-weekly program establishes a structure for speedier payments."
The New York Times
"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 an acceleration of equity."
Money Magazine
"The result [of a biweekly plan] on a $100,000, 30-year mortgage at 10%, for example, is that you can burn your mortgage in just under 21 years and save $78,359 in interest."
Bankrate.com
"Paying half of your mortgage every two weeks coincides evenly with many paycheck schedules. Plus, buyers can pay off the mortgage six to eight years early."
Consumer Reports
"Whether you already have a mortgage or are in the market for a new loan, you can probably save tens of thousands of dollars by 'investing' in your mortgage. If you took out a $100,000 bi-weekly mortgage instead of a regular 30-year mortgage at 10.5 % interest, you could save nearly $86,000 in interest over the life of the loan."
USA Today
"What started as a mortgage lenders' marketing gimmick is on its way to becoming the hottest home loan of the decade. It's the bi-weekly mortgage, and it's as simple as paying half a monthly payment every two weeks. The attraction: Biweeklies reduce interest expense and build home equity faster."
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