You can use this handy tool to learn just how much your monthly payment and the total interest costs will be for anything including your house.. We offer a powerful, easy to use biweekly mortgages. And on top of that, we offer a free biweekly mortgage audit service. The results are presented graphically and in an amortization table for a biweekly mortgage payment program. The best way to compare biweekly mortgage payment programs is based on price. We have expert opinions and other information to help you make an informed decision regarding your mortgage. We have the best price in the industry for because our biweekly mortgage program is free.

The open mortgage automatically renews every six months for another six-month term with no renewal fee. Typically, it is a method used to shorten the life of a 30-year mortgage. The only tricky part of changing to a biweekly mortgage is in making sure your lender accepts your payments and correctly credits the extra portion to principal. You can pay off all or part of your mortgage balance at any time , without penalty. A homeowner with an assumable loan can "hand off" the loan to a buyer instead of paying it off using proceeds from the home sale.. On renewal, the interest rate changes to the then current six-month open interest rate, which is usually lower than rates charged for longer fixed-term mortgages. Open types of mortgages, an open mortgage offers you the ultimate in flexibility. Biweekly types of mortgages, This are fixed-rate mortgages in which payments are made every other week, instead of monthly. Assumable biweekly mortgagesare relatively rare.