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Finally ‘suitability’ Test Arrives At The Mortgage Industry’s Gate…how Bad Does It Have To Get
By Dale Rogers
A younger person can afford to put a good portion of their portfolio in aggressive high growth stocks with no earnings but lots of prospects. Time is on their side. An older person’s portfolio may be Read more...
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Bi-weekly Mortgage Calculator - How Much Will It Save You?
By Geoff Morris
Imagine if there was a way that could help you could reduce the term of your by up to Five Years? Just think - if you could reduce the term of your by up to five years earlier, then you could even retire earlier, or enjoy 5 years of better holidays, better cars...
What would you do with this advice- ignore it - and lose the chance to reduce your interest paid to those greedy Banks over a 25 year period - or grab something back for yourself ?
What if all you had to do was to pay half your bi-weekly (fortnightly to our UK cousins) - and all these benefits would be yours...
Now, doing the math for two weekly commitments might be too much of a hassle for the regular home buyer, but all a fortnightly is, is actually just your normal payment cut in half. Every other week, you pay one half of your normal payment.
Let's say for instance you have a interest of 8% on your $100,000 home. By doing a two weekly on this instead of a 30-year loan, you can estimate with a bi-weekly repayment that the amount of your savings can reach up to $48,000. Plus, you can even make 13 full payments and pay off early on your home, so you can gain by paying less interest overall, and over a shorter term. Using a fortnightly calculator, you can see that bi-weekly payments will cost you $50 each month.
Interesting Facts: You could reduce your overall interest paid by up to 23% by using two weekly repayments
If you don't want the hassle of doing this yourself then contact your local broker, or visit some of the sites given on this page.
The Internet is a smorgasbord of calculators, including bi-weekly repayment estimation tools. Below is list of websites that feature two-weekly rate calculators for free use by their consumers.
Reduce-My-Mortgage.com Bi-Weekly Rate Calculator
The Reduce-My-Mortgage website offers a bi-weekly calculator that allows you to enter your personal information so you can start calculating your new payments. Their bi-weekly repayment calculator also helps you determine how much you can save in both time and money.
The site also features an update corner where fortnightly buyers are told about recent news. These news like the home loan errors found out by the CLA (Consumer Loan Advocates) helps the consumer realize the importance of using a bi-weekly repayment calculator. In addition to helping you calculate your savings, this fortnightly rate calculator may also be used on Automobile, Boat, Student, and Business loans.
Vlender.com Bi-Weekly Rate Calculator
Virtual Lender is a Turkish website offering solutions such as bi-weekly rate calculators for either the individual loan officer or the entire company. Their calculator helps consumers determine the amount and projected period of loan payments.
1Stop-MortgageCalculator.com Bi-Weekly Rate Calculator
This website offers a monthly and two weekly rate calculator to help you determine your payments. The only thing you need to do with
California Mortgage Refinancing - California Refinance Rates
Avail the benefits of California mortgage refinancing. Also find how to secure best California home mortgage refinance rates which helps you find the best mortgage solution for your home financing needs to fit every situation.
California Home Mortgage Loan Refinance : California Home Loan Refinance
Lowest rates available on California home loan mortgage refinance and refinance your mortgage while rates are low. Get California Home Interest Loan Refinance quotes online.
California Adjustable Rate Mortgage Loans: ARM Loans CA
In California adjustable rate mortgage loan (ARM) programs, the risk of fluctuating interest rates is shared equally between the borrower and the lender.
California Bad Credit Mortgage Loans
Bad credit OK! Find California mortgage loans to purchase your home, consolidate your debts-even save you from the edges of bankruptcy-and get yourself on the path to financial freedom.
California FHA Loans : California FHA Home Loans
California FHA home loan is the best way to finance your home. Find how to secure best terms on California FHA home loans with a reliable lender.
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Definite Tips To Find The Best Mortgage Deal
By Dan Sherman
For most people, a mortgage is the single largest loan that they will have in a lifetime (by the way, second on the list is car loan ehich is way down). A loan is a scary notion not only when it is Read more...
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Discounted Rates For Mortgages: A Cheaper Option For You!.
By Nazir Hussain
“….3.99% fixed for two years and conditions apply….”. This is just one example of a mortgage on the market but there are hundreds if not thousand more such products available for would be house Read more...
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California Mortgage Refinancing - California Refinance Rates
Avail the benefits of California mortgage refinancing. Also find how to secure best California home mortgage refinance rates which helps you find the best mortgage solution for your home financing needs to fit every situation.California Home Mortgage Loan Refinance : California Home Loan Refinance
Lowest rates available on California home loan mortgage refinance and refinance your mortgage while rates are low. Get California Home Interest Loan Refinance quotes online.California Adjustable Rate Mortgage Loans: ARM Loans CA
In California adjustable rate mortgage loan (ARM) programs, the risk of fluctuating interest rates is shared equally between the borrower and the lender.California Bad Credit Mortgage Loans
Bad credit OK! Find California mortgage loans to purchase your home, consolidate your debts-even save you from the edges of bankruptcy-and get yourself on the path to financial freedom.California FHA Loans : California FHA Home Loans
California FHA home loan is the best way to finance your home. Find how to secure best terms on California FHA home loans with a reliable lender.
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