By signing up on a Bi weekly payment plan you are not changing the terms or conditions of your current loan, you are simply making payments in a different way.Â Instead of making one whole payment every
You might find the cheapest rates on the Internet.Â If, however, you end up working with a real estate agent, like myself, you might feel more secure with a lender that has a relationship with your
The part that's easy to miss is that the interest you pay on the loan isn't enough to keep the banks interested in making loans.
They've figured out that they can charge for the "origination" of the loan; which does partially offset the cost of having people interview you, review and verify your application, review the appraisal, make copies, pay the rent for the space on the desk where your application will sit until it resembles a souvenir copy of the Constitution, that sort of thing. (The rest is ofit-pay).
Most of those fees show up in your APR, so that, in theory, you can compare the cost of loans from different lenders.... more