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Mortgage Professor about biweekly payments: 
Simple Interest Biweekly Mortgage: A Scam?
April 19, 2004 "Is there any type of mortgage that is particularly vulnerable to abuse?" No mortgage is abusive in itself. However, the more complicated ones offer more opportunities for unscrupulous loan providers to take advantage of unsophisticated borrowers. Adjustable- ... more...

Don't Refinance Your Mortgage With This One!
April 14, 2004 "Is there any type of mortgage that is particularly vulnerable to abuse?" No mortgage is abusive in itself. However, the more complicated ones offer more opportunities for unscrupulous loan providers to take advantage of unsophisticated borrowers. ... more...

biweekly payments related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Delinquency
Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more...

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Get Free biweekly payments Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Escrow Accounts Are You Paying Too Much?
Money in escrow is "dead money". It doesnt earn interest for you and it doesnt reduce your mortgage interest payments. Therefore every cent in your escrow account is costing you money. Make sure there is no more tied up in escrow than there needs to be!Here is a brief summary of what lenders can ... more...

Let Your Lender Help You Save Your Home!
A newly released study by Freddie Mac, the mortgage giant and the Roper Organization; professional pollsters, showed that 61% of delinquent homeowners did not know about workout options offered by lenders designed to help them save their home.This is a shame as Freddie Macs records show that up to ... more...

Guide to Mortgages
A mortgage is a loan that is guaranteed by a property. At its most simple that means, if you can't pay back your loan the lender can force you to sell your home so they can get their money back.Typically you can borrow three to three and a half times your income, or two and a half to three times ... more...

How To Get Your Credit Card Payments Under Control
Credit cards can be a nice convenience but they can also get you into a lot of trouble. If you have charged your cards up to the limit and are now having a hard time paying the bills you are not alone. Statistics show that the average credit card debt for each household in the U.S. is $4,800 per ... more...

Getting Away with Low Down Payments
Mortgage programs come in all different shapes and sizes and each of them have their own benefits and perks. No matter what your financial situation is you will be able to find plenty of loans that are suitable to your needs. Whether you are a first time buyer or a low income family, you will still ... more...

10 Steps To Successful Debt Consolidation
If you are having trouble balancing your income and expenditure because of large debts then read on and discover your options in credit card debt consolidation.Debt consolidation can be an excellent option when you find your finances getting out of control but before you go out and sign up for a ... more...

Escaping the Debt Spiral
Credit card debt is the ball and chain that hinders many consumers from reaching financial happiness. The biggest problem is that many people who have hefty credit card debts have no idea just how much money theyre paying in interest every month theyre in a debt spiral from which its very ... more...

How to Convert Your Real Estate Notes into Quick Cash
If youre a real estate investor needing quick cash, selling your notes could offer a fast, easy solution. It can happen to anyone. You find yourself in a situation where you need a chunk of cashinstantly. Maybe you have to handle an emergency or simply want to free up funds to invest elsewhere. ... more...

Build Your Credit with Caution
Building credit can be a very exciting thing. Avenues of great opportunities are available if you do it right. It is important to avoid scammers that claim to offer you a debt solution in little or no time at all. Many scammers on the market today are taking advantage of people in disarray. Do not ... more...

Mortgage Loans Explained In Plain English
With the many different kinds of mortgage loans out there, choosing the right one for your needs can be a difficult task. The following points will help you understand the pros and cons of the different types of mortgage loans available to you.What are the main types of mortgage loans?There are two ... more...

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