Is Nationwide Biweekly Administration A Scam?

Nationwide Biweekly Administration:

Many people are interested in saving money by manking biweekly mortgage payments, but have you been one of those people that thinks Nationwide Biweekly Administration is a scam?  Lets take a look and get a better understanding of how the Interest Minimizer plan works for you and how your biweekly payments are processed.

The interest minimizer from Nationwide Biweekly Administration debits your bi-weekly amount from your checking or savings account then remits payments bi-weekly or makes your monthly loan payment when it's due. Because there are 52 weeks in a year, that adds up to 26 bi-weekly debits which equals 13 monthly payments over the course of a year. The extra funds are directed 100% to the principal of the loan eliminating thousands of dollars in interest charges, cutting years off the loan and dramatically increasing your home equity.

We are the only administrator that remits payments bi-weekly for almost all types of loans and debts except mortgages. Based on the rules and restrictions set up by lending institutions, interest minimizer payments are processed in two different ways depending on the type of loan. As you will see in this example mortgage payments must be handled differently than bank payments. Loans such as home equity, personal loans, auto loans, credit cards, and student loans can be remitted bi-weekly and interest minimizer that is exactly what we do. With these types of debts, interest is calculated daily. Let's take a look at a sample savings of a $50,000.00 loan at 6% interest. With a $300 monthly payment or $150 every two weeks with out bi-weekly program your loan will be reduced from 30 years to 24.3 years and you will achieve interest savings of $12,282.00. For loans like mortgages, interest is calculated monthly, so we must remit monthly. Again, based on the lenders own processing restrictions that same example of a $50,000.00 at a 6% interest, with a $300 monthly payment or $150 every two weeks, this would reduce the loan from 30 years to 24.6 years achieving interest savings of $11,697.00. As you can see there was very little difference. Only $585.00 and a 3 month paid off difference, when we are forced by lender rules to remit monthly. But the great news for you is that the interest minimizer bi-weekly program works in your favor regardless of whether we remit payments bi-weekly or monthly. The interest minimizer program is easy, provides structure, and gives you the ability to save thousands of dollars in interest while building your equity much faster.

FAQ for Nationwide Biweekly Administration

Does my lender offer this program?
* A small percentage of lenders offer a bi-weekly program
* They can't offer the services on multiple types of loans
* Only on the loan you have with them
* We can administer all your loans in one easy place
* We work for you- not the lender!

Will my loan change id I sign up for the Interest Minimizer?
*Your loan doesn't change at all
* Your lender, interest rate, escrow-all stay the same!
* What if I sell my home or refinance?
* No problem!
* We handle all the changes for you
* Simply call our Customer Service Department or Email Us
* We administer to over 5,000 lenders
* No additional charge, unlimited benefit

Is there a limit to the number of loans I can put on the Interest Minimizer?
* There is no limit
* You can enroll as many loans as you want
* The more you enroll during the initial sign up the more you save!

Is there a penalty if I stop the program?
* Stop at any time
* No Penalty
* Restart at any time with no penalty
* You have a lifetime membership

Am I guaranteed to save money with Nationwide Biweekly Administration?
* 100% Savings Guarantee

Can I achieve the same results without the Interest Minimizer?
* You can try, but most find it too difficult
* Interest Minimizer is easier safer and more successful
* Provides a disciplines structure that's easy to stick with
* Very small percentage of home owners continue to prepay their mortgage at Interest Minimizer rates
* Interest minimizer survey results
* 80% made no extra payments
* 100 said it was a mistake to cancel
* The majority re-enrolled

Buying Vs Renting: Which Is Better? - Nationwide Biweekly Administration

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Posted By Nationwide Biweekly Administration

We might as well just come right out and say it: Buying is almost always better than renting, for a number of reasons, which will be outlined below. However, only you can take a good, long honest look at your situation and know if you are in a position to make the leap from renter to home owner.  Owning a home obviously means gaining equity and having an investment. But it also carries with it a number of expenses that first time homeowners are not always aware of.  Insurance, no landlord to call when the dishwasher floods the kitchen and property taxes are but a few of the things homeowners deal with that renters don’t.

That said, you are losing money every year by renting your apartment or home instead of buying. It’s a simple mathematical fact that the equity gained in home ownership trumps the savings on handymen, appliance repairmen and property tax.  There is only one exception to this rule. If you are one of those lucky people who have a rent controlled apartment in New York City, Chicago, San Francisco or Los Angeles and your actual rent is a fraction of market value, don’t move. Ever.  We’ve all heard tales of the friend whose next door neighbor has lived in their apartment since 1967 and pays only $300 in rent each month while the friend pays $1500 a month for the apartment next door with the same floor plan.  As the mortgage administrator that Nationwide Biweekly is, this is the Holy Grail of living arrangements for everyone, even us.

Assuming that you are not in your 60s or older and living in one of these rent stabilized gems, buying is the way to build equity and save money in the long run. Plus, there is a pride that comes from owning your own home.  There are plenty of online calculators where you can compare the costs of buying versus the costs of renting, but we’ll break it down for you: in the long run, buying is a better deal. Each month you make your mortgage payment and it actually goes towards owning something.  Rent just goes to your landlord and you gain neither equity or preferential treatment from renting.

Perhaps the leap from a modest rent payment to a higher mortgage is off putting to you.  It shouldn’t be, there are many mortgage plans and administrators, like Nationwide Biweekly Administration, who can make budgeting for your mortgage payment easier while at the same time allowing you to gain equity in your home faster.   Here’s an example of how biweekly mortgage payments can save you tons of money in interest over the life of your loan. If your mortgage payment is $1,000 you will spend $12,000 over the course of one year on your mortgage. If you made biweekly payments through Nationwide Biweekly Administration, you would make a $500 payment every two weeks.  Divide 52 weeks per year into 26 biweekly payments and you will have made $13,000 in payments at the end of the year using the biweekly mortgage payment plan.

Now take that same $1000 per month and apply it to rent. What do you get at the end of a year? Nothing.  Take it from the experts at Nationwide Biweekly Administration – buying a home is always better than renting. (The Holy Grail of rent controlled apartments from the late 1960s notwithstanding.) Give us a call today and we’ll tell you how we can make owning your own home a much easier financial proposition.

Nationwide Biweekly Talks About The Rise In Home Sales

Nationwide Biweekly Administration:  Home Sales On The Rise

The economy has been rough these past few years, but there are big signs of a turn around, especially in home sales on the horizon.  After years of bleak outlook on the home sales front, recent data suggests that a larger than expected rise in home sales is a trend and not just an anomaly.   With a surplus of existing homes on the market, prices have continued to fall, making it an ideal situation for those in the market for a new or first time home.

Cities who experienced the biggest growth during the housing boom and have been in a high foreclosure state ever since have the most ground to gain. With home values at recent lows, they have become affordable to a whole new demographic of home buyers. Nationwide Biweekly Administration, one of the country’s leading administrators of biweekly mortgage plans, has been tracking home sales throughout this interesting economic climate the country has faced for the past three years.  The results have made it clear: the uptick in home sales is here to stay.

Economic recovery doesn’t happen overnight, but the long hard climb back to accelerating sales every month in the real estate industry has been taking shape over the past 18 months.  From Hartford to Honolulu, from Milwaukee to Mobile, from Charlotte to Chicago  - home sales are on the rise and excited buyers are in the market for mortgages in higher numbers that at any time in the past 36 months.  

Home buyers looking to make the smart choice will turn to Nationwide Biweekly Administration for its Interest Minimizer plan. A biweekly mortgage plan gives you the most bang for your buck, so to speak. Consider the case of a $2000 per month mortgage payment. Over the course of one calendar year, the home owner would make 12 payments totally $24,000.  If those same home owners had a biweekly plan through Nationwide Biweekly Administration, they would still make payments totaling $2000 per month, but they’d be split into two payments of $1000 each. Over the course of one calendar year, the home owners would make 26 payments totaling $26,000. That’s one full extra payment a year that is applied purely to the loan’s principle. Over the lifetime of the loan that saves the home owners thousands of dollars in interest.

The good news in real estate is that home sales are rebounding at rates that spell economic growth for our country.  People who lost homes a few years ago or people who’ve never owned their own home or people who want a bigger home in a different city – all demographics of home buyers can benefit from a biweekly mortgage plan from Nationwide Biweekly Administration. After all, gaining equity, saving on interest and paying your mortgage off quicker are all good, financially sound ideas!

Nationwide Biweekly Administration