USA TODAY - "The hottest home loan of the decade. Biweeklies reduce interest expense and build equity faster."
BUSINESS WEEK - "With a biweekly mortgage - where payments are made every two weeks instead of once a month - homeowners can save 40% in interest compared with monthly payments."
PARENTS - "two biweekly payments add up to the same amount as the single monthly payment of a conventional mortgage, but because the homebuyer making payments biweekly submits 26 payments a year, the total amount paid on the loan during a year is the equivalent of 13 monthly payments."
BLACK ENTERPRISE - "a new home mortgage that slashes interest cost - you can pay your loan off in 16 years rather than 30."
CBS NEWS - "The biweekly payment plan saves a lot - how about $78,000? Say you have a $100,000 mortgage at 10%. With a 30-year conventional mortgage you're going to pay $216,000 in interest. If you pay that same mortgage biweekly, you would pay off that loan in 20 years and you would save $78,000 in interest."
L.A. TIMES - "Anyone who takes out a 30-year mortgage - particularly with the new tax law changes - is doing himself a terrible disservice. The only way you can justify the 30-year mortgage is with a biweekly payoff."
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