Just so you all know.
You really don't see these things being pushed so much in today's market because lower interest rates make the apparant savings of bi-weekly payments go away, but they will probably come back as interest rates rise in the future.
Just remember, the bi-weekly payment plan is just a trick to get you to pay more against your mortgage every month than you think you are. It's not a bad thing to save money this way, but if it is your plan you will do better every time just by taking a mortgage with a shorter term. These bi-weekly products are just a vehicle to get consumers to accept non-conforming loans at higher rates.
Oh yeah, avoid Primerica like the plague.
How not to buy a brick in a box off the back of a truck.
1 post • Page 1 of 1
- Posts: 167
- Joined: Wed Jun 23, 2004 4:38 pm