| Fannie Mae Mortgage's |
Biweekly Mortgage
A mortgage with affordable payments and faster
reduction of principal
Let the calendar work for you! With a Biweekly
Mortgage, you make a mortgage payment every 14
days, instead of once a month. The result? By making
smaller payments more frequently, you will pay off
your mortgage sooner and save thousands of dollars
in interest over the life of the mortgage.
A Biweekly Mortgage gives you the stability of a
fixed-rate mortgage and the convenience of having
payments automatically deducted from your checking,
savings, or other deposit account.
A mortgage with affordable payments and faster
reduction of principal
Let the calendar work for you! With a Biweekly
Mortgage, you make a mortgage payment every 14
days, instead of once a month. The result? By making
smaller payments more frequently, you will pay off
your mortgage sooner and save thousands of dollars
in interest over the life of the mortgage.
A Biweekly Mortgage gives you the stability of a
fixed-rate mortgage and the convenience of having
payments automatically deducted from your checking,
savings, or other deposit account.
Fannie Mae Mortgage
Solutions
Solutions
Key Features
By making more frequent payments, you pay off the mortgage much sooner.
For example, with a Biweekly Mortgage, a loan that normally takes 30 years to
pay off will take 22 years to pay off at current interest rates. You will then own
the home debt free and have saved 8 years' worth of interest payments!
Your mortgage payment is deducted automatically from your checking, savings,
or other deposit account every 14 days--26 or 27 times a year in all. Many
people find this an easy way to manage payments, especially if they pay their
mortgage at the same time as they receive a biweekly paycheck. The Biweekly
Mortgage requires no additional monthly fees, either.
To find a Fannie Mae lender partner in your area, use our Find a Lender Search.
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