Conventional biweeklies are offered by a few banks, S&Ls and mortgage companies....but they generally don't tell you about it because it's not to their advantage.  The programs they offer are generally limited to specific terms and some even charge a higher interest rate if you set up a biweekly payment plan!  B.F. Saul, one of the nation's oldest real estate investment and development companies, stated "There are some lenders who will convert an existing mortgage to a biweekly, but the loan must be refinanced." If you do find a bank that will convert an existing mortgage to a biweekly plan, that refinancing will probably require points, closing costs and/or a new appraisal.

With the BWMA Biweekly Payment Program, you are able to pay one-half the mortgage payment every two weeks without changing the structure of your mortgage.  You don't have to reapply, requalify or pay points.  Your interest rate won't go up....in fact, your effective rate will go down a point or two.  Our program pays off your mortgage faster because more money goes to principal (equity) and less money goes to interest.  You may not have had a choice about getting a mortgage, but you do have a choice about how much you'll pay back.  Join us today and become an "interest getter" instead of an "interest payer".

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