Should I Do a Bi-weekly Program with My Lender?

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Often in my monthly mortgage statement I’ll receive an offer from my mortgage company asking me to do a bi-weekly mortgage program with them. I find it a little bit perplexing that the same company that is willing to charge interest over a 30 year mortgage is willing to allow me to participate in a bi-weekly mortgage program.

Things that you should consider prior to doing this in comparison with the programs that we recommend here at Bi-weekly Mortgage Tips include the fact that if you enroll with that lender and you ever happen to refinance, move, or change that mortgage more than likely you will have to enroll again and start over.

The Bi-weekly mortgage programs we recommend allows homeowners to start and stop their payment, maintain complete control of their mortgage, even transfer it to a new loan if they refinance; or, if they happen to move and relocate they can transfer it to an entirely new house or property. This allow you to have the most flexibility with the least amount of pain, and a lifetime enrollment that lasts forever.

Often doing a biweekly mortgage plan with your existing lender may cast you more in the long run, so beofre you make a decsion get all the facts about bi-weekly mortgage programs, and considering starting your bi-weekly mortgage program with one that offers:  Lifetime Enrollment, the ability to stop and re-start your plan if you need to, and will transfer to a new lon if you refinance or move.  The optoins can end up saving you money in the long run, while ensuring you maintain complete controls of your mortgage plan.