Bi-Weekly Payments
With Simple-Interest Loans, interest is calculated daily, then billed to consumers monthly after the usage of the money for a period of 30 days before it is due. Bi-weekly payments will advance half a month's payment to the lender which reduces the lenders ability to bill for the full 30 days. It forces more of the payment towards the principle verses the interest

One additional principle payment a year can be just as effective as a bi-weekly payment, but a once a year lump sum payment may be overwhelming. However, a bi-weekly payment is done electronically every two weeks and your budget is not nearly as strained. Since most people are paid two times a month, it works out better for their cash flow.

A Mortgage Doctor provides a Bi-Weekly Payment Service and the fee is minimal.

Call us today at (502) 244-4200 and we will set up your Bi-Weekly Payment Service.