A Biweekly Mortgage Loan Payment Calculator

... will forever change the way you think about your mortgage loan

Go to CALCULATOR NOW!

If you're a typical homeowner currently paying off his home loan, there are a few shocking facts that you should be aware of.

To begin with, by the time you've paid off your home loan you will have paid about 3 times as much as you originally borrowed. In addition, if you have a 30 year loan it will be 23 long years before you've paid off even half of your balance!

A sobering thought to say the least!

But given that realization the question is ...

...what can you do about it?

Some people look to refinancing as a solution. But while you may be able to refinance at a lower interest rate, the fact remains that the interest you pay will still be far more than the amount you borrow. Not to mention there will be closing costs to pay and a stack of complicated papers to be filled out and signed.

But there's a much better alternative to refinancing.

A biweekly mortgage payment plan will reduce the interest you pay in terms of not hundreds, or even thousands - but TENS of THOUSANDS - of dollars!

Exactly HOW MUCH is dependent on your current balance, interest rate, and years remaining on your mortgage. But a Biweekly Mortgage Loan Payment Calculator will quickly give you the figures along with an amortization schedule comparing your current method of payment to a biweekly payment schedule.

Now in case you're wondering, a biweekly payment plan in no way necessitates changing lenders nor does it change how much you pay per month.

Simply put, it's just a different METHOD of paying your home loan. Instead of making one payment every month, you make 1/2 payment every two weeks. A quick look at a biweekly mortgage payment will show you the enormous advantage of this method, in terms of the interest you pay in the length of time it takes to pay off your loan.

Another major advantage is convenience! Instead of having to budget your resources and come up with one huge payment every month, you can make one small payment every two weeks. And since most people get a paycheck every 1 - 2 weeks, the payment schedule can be set up to coincide with pay day, eliminating the need to put a large sum aside by the end of the month.

If you're wondering just how much YOU can save by going to a biweekly payment plan, it takes only a few seconds to find out. Go check out the Biweekly Mortgage Loan Payment Calculator and find out now!