I refinanced to a 15 year fixed, and asked for a bi-weekly. My credit union is not offering them, but they did it for me because we requested it.
According to calculations, the 15 should be paid of in 13.6 years.
There are no fees for this and the payments are applied immediately, not at the end of the month. The payment is a little higher, but we will save overall.
I got a true bi-weekly mortgage.
February 13th, 2012 at 08:26 pm
February 13th, 2012 at 08:30 pm 1329165058