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Mortgage Quotes
Applying for a new home mortgage has never been easier. Save time and money on your new home mortgage and get the personal attention and industry expertise that will make your home buying process as easy as possible. A new home is probably your greatest asset and your greatest expense so compare mortgage lenders here see which one is right for you.
Also, a bi-monthly mortgage is not a bi-weekly mortgage and will not lead to significant savings. You don't have to pay to convert your mortgage to a bi-weekly. Commit yourself to pay additional principal on your mortgage equivalent to at least one full mortgage payment a year, whether you do so in bi-weekly or monthly increments or all at once at the end of the year. Get mortgage quotes online in minutes simply by filling out these free, no obligation forms, using the links available here.
In fact you can save around $30k on a $100k 30-year mortgage by making mortgage payments bi weekly. The larger your mortgage, the more dramatic the savings. Essentially, bi weekly payments act like pre-payments (check your mortgage lender to make sure prepayments are not penalized or charged for). You can achieve the benefits of pre-paying your mortgage without converting to a special type of mortgage or paying a fee. If your payment doesn't get credited until the end of the month, you're not getting any advantage and you are losing interest yourself so check the details.