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Biweekly Mortgage

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Bellez95
LIF Infant

Member since 5/08

75 total posts

Name:
Lauren

Biweekly Mortgage

We have our mortgage with M & T bank and I want to switch to a biweekly. Anyone know if you can do that and if there is a charge for changing ?

TIA

Posted 8/24/14 2:17 PM
 
Long Island Weddings
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3girls1dog
LIF Adult

Member since 10/09

929 total posts

Name:

Re: Biweekly Mortgage

I have QUICKEN loans and did this last year. They didn't charge us to change to the biweekly. The only thing was I had to pay a regular month and then start the biweekly payments so it was like 2 mortgage payments in one month. Other then that I love it!

Posted 8/24/14 3:12 PM
 

MaZz
* Lovin my baby girl!!! *

Member since 2/09

6243 total posts

Name:
Gina

Biweekly Mortgage

Whatever you do make sure it's a true biweekly payment and not that they just hold all your money Till the end of the month. Wells Fargo does that and you don't end up cutting down on the interest. Sneaky...

Posted 8/24/14 6:40 PM
 
 

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