Save money on your mortgage and pay off your car loan faster with our bi-weekly loan payment plans.
With just one small change - making a 1/2 payment every other week (a bi-weekly loan payment plan), you can pay off debts sooner and save thousands on your loans, including mortgages,student loans, credit cards, and more.
How a bi-weekly loan payment might save you money.
By simply paying half your regular mortgage payment every two weeks, you’d save $27,725 in interest on a 30-year $250,000 mortgage at 4% APR after service fees. Plus, you’d also be mortgage free 4 1/2 years earlier!
Depending on your loan amount, term and interest rate, paying your loan every two weeks could make a big difference to your bottom line. The graphic below illustrates the savings on interest and term for an average American home.