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bi-weekly mortgage
- biweekly mortgage - bi weekly mortgage - bi-weekly -
bi-weekly mortgages
With the 30 year
Biweekly ARM mortgage, monthly payments are divided in half and paid
every two weeks. Twenty-six Biweekly payments each year pay off a
loan faster than 12 monthly payments. You build equity more rapidly,
own your home years sooner and save thousands of dollars in
interest.
Every other
Monday, the payment is automatically deducted from your
checking or savings account. It couldn't be easier with no checks to
write, nothing to mail. A "unique"
Biweekly ARM mortgage that re-amortizes the loan amount every two
weeks.
 Fact:
After paying 15 years on a 30 year fixed
monthly mortgage, you'll still owe
nearly 80% of the amount you originally borrowed.
Fact:
After paying nearly 23 years on a 30 year fixed
monthly mortgage, you'll still owe over
50%!
Fact:
On a 30 year fixed rate
monthly mortgage, you'll make over 84 unnecessary monthly
payments.
Fact: On a 30 year fixed rate
monthly mortgage, you'll pay nearly three (3) times the
amount you originally borrowed before paying off your mortgage.
Fact:
Did you know that after 23 years of
payments with the Bi-Weekly ARM Mortgage Program, you own your home
"free and clear"? With a 30 year fixed
monthly payment you have only reduced
your loan amount by 33% during this same 23 year period!
Fact:
Making additional principal payments to a 30 year fixed
monthly mortgage never
reduces the monthly payment. No matter how much you try to reduce
your loan amount, the fixed monthly
payment always stays the same.
Fact:
The amortization schedule on a 30 year fixed
monthly mortgage is almost all interest
and little principal for years and years. The
monthly statement for a 30 year fixed mortgage arrives in the
mail and it can be a depressing sight............the loan balance
was reduced slightly.
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1.95%
..... start
rate program offers a conversion option to a fixed rate.
Now you can have the peace of mind knowing that the mortgage
can be converted to a fixed rate without refinancing and NO
closing costs. |
From 1.95%
Available With Fixed Rate
Conversion Option
Purchase * Refinance * Cash-Out Refinance
Primary Home * Second Home * Investment Property
Loan amounts: $50,000 to $1,000,000 or more.
Up to 95% financing (combo mortgage).
No credit scoring - credit history reviewed.
80-15-5 Combo and 80-10-10 combo mortgage program available.
Second mortgage required and provided to avoid expensive
monthly PMI.
No Income/No Asset Verification option available.
Foreign
National program available - 70% LTV.
Flexible and common sense underwriting guidelines.
Fully assumable loan.
Gift money from family member is acceptable (owner occupied).
Corporate title option available.
High debt ratios up to 40% or more.
Great program for "newly" self-employed.
No escrow (optional) required.
Since 1986, the 30 Year Bi-Weekly Arm (
Adjustable Rate Mortgage) has proven to be a wise choice and better
than a fixed rate monthly loan. The results are indisputable --- The
Bi-Weekly Arm would have outperformed fixed rate monthly mortgages.
No matter whether rates were high or low, homeowners who chose a
Bi-Weekly Arm over a monthly fixed rate loan could have saved
thousands of dollars in interest.
What is the most important feature of an
(ARM) adjustable rate mortgage? The monthly index which determines
it's rate. A steady and stable index protects the borrower from
rapid increases. Volatile indexes are risky and do not protect the
borrower. An example of a "volatile" index would be the 12-month
treasury, 6-month libor, and the 6-month CD.
The 30 year Bi-Weekly ARM is a
CODI index
that varies
little from month to month, year to year.
CODI's
stability protects you from sudden, large interest rate and payment
changes. The
CODI is tied to what is historically one of the slowest moving
and most stable of all indexes.
The
CODI index
for the 30 year Bi-Weekly Arm is the weighted average of the rates
of interest on CD deposits and savings accounts.
Click Here For
Additional Information: CODI Bi-Weekly ARM
MORTGAGE
APPLICATION
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