Morristown TN Real Estate For Sale - The Biweekly Mortgage - Who Needs It?#4
By Norma J. Elkins, Realtor - Elkins Home Selling Team
( Elite Realty Group)
The Biweekly Mortgage - Who Needs It?Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam becoming more pervasive as everyone tries to get rich quick on the Internet, these ads are popping up with troublesome regularity.The ads promote a Biweekly Mortgage and for the most part, do not come from a mortgage lender. Exclamation points punctuate practically every claim: No closing costs! No refinancing! No points! No credit check! No appraisal! Save thousands! Cut years off your mortgage! To achieve these wonderful savings all you have to do is allow half of your mortgage payment to be deducted from your checking account every two weeks. It’s easy. Of course, there is a small set-up fee and...
Comments
1