Is A Nationwide Biweekly Administration Plan Right For You?

Normal 0 false false false EN-US X-NONE X-NONE

Let’s face it, times are tough and the housing and mortgage industry have been decimated. Real estate values soared in the early part of the past decade, only to come crashing down, leaving many homeowners upside down in their mortgages.  Foreclosures are at their highest rates since the Great Depression of the early 20^th century. Home owners are clinging to their mortgages, trying to refinance in a banking climate that has locked itself down.  People are looking for solutions and ways to make their finances a bit less tight. Many will decide that a biweekly mortgage plan like the one offered by Nationwide Biweekly Administration.  But is a biweekly mortgage right for you?

With a traditional mortgage, you make one payment each month of the year for a total of 12 payments per year times typically 30 years on a mortgage.  On a biweekly plan, like Nationwide Biweekly Administration’s Interest Minimizer Program, you make two payments a month that total the same amount as your one mortgage payment.  At the end of one year on a traditional mortgage payment plan, you will have made 12 payments.  At the end of one year on a biweekly mortgage plan you will have made 26 payments; or in other words, one full extra mortgage payment per year. This saves home owners thousands of dollars in interest over the life of the mortgage and also shortens the length of the mortgage.

If you’re still wondering if a biweekly mortgage is for you, then take a look at your monthly overhead.  Are you, like many people, strapped in the first half of the month because your mortgage is most of one full paycheck? Would it make your budgeting easier to split the mortgage across two paychecks? If your mortgage payment is $1600 per month, splitting it into two $800 payments can free up money for utilities, food and entertainment.

Nationwide Biweekly Administration is proud to be one of the nation’s Largest and most recognized administrators of bi–weekly programs. By working for the consumer rather than for the banks, they help thousands of mortgage holders not only save money in interest, but in many cases, make the ability to stave off foreclosure a reality for distressed families.  The Interest Minimizer is Nationwide Biweekly’s ground-breaking program and an industry leader in bi-weekly payment programs.

Did Nationwide Biweekly Administration Pass An Independent Audit?

Overview

At Nationwide Biweekly Administration (NBA) we believe in operating with integrity and transparency. We understand that entrusting us to reduce your unnecessary interest payments and shorten the length of your mortgage is a big decision. You deserve to know that we will do what we say we will do. That’s why we commissioned the firm of Flagel, Huber, Flagel & Company (FHF) to audit our internal procedures.

FHF is a professional CPA firm accredited by the Association of Certified Fraud Examiners. They conducted an internal audit in accordance with the Attestation Standards established by the American Institute of Certified Public Accountants. NBA is the only biweekly administrator to undergo this voluntary audit in order to demonstrate that we operate with 100% integrity in 4 important areas:

* Accurate savings estimates

* Funds are protected by FDIC insured banks

* Funds are remitted to lenders on time

* Our programs operate as indicated in contracts We took the extra measure of the verified professional audit to give you confidence, peace of mind and the extra assurance that our biweekly interest savings programs perform for you as promised. No other biweekly administrator backs up their offerings like Nationwide Biweekly Administration.

Summary of Audit

We are pleased to report that Nationwide Biweekly Administration recently passed the Independent Audit of Procedures conducted by Flagel, Huber, Flagel & Company with flying colors. Here are the abridged results, more details can be found in the full report:

• Accurate savings estimates
• Funds are protected by FDIC insured banks
• Funds are remitted to lenders on time
• Our programs operate as indicated in contracts

We are proud of our record of high standards of performance, compliance and accuracy in handling our clients’ funds and payments to their lending institutions. This extra measure of security means you can rest assured that we will deliver the substantial interest savings and cut years off your loans promised through our Interest Minimizer program.

Nationwide Biweekly Administration

What Can I Do To Save For The New Year? : Nationwide Biweekly Administration

Nationwide Biweely Administration Shares Tips for Saving Money

Our country has been mired in rough economic times for a few years now. Many people have tightened their budgets and cut out non-essential items in order to get by. But as the economy continues to falter and people long for the job and economic security of the past; it becomes necessary to further pare down budgets and rebuild savings accounts. Only by being careful with your money, can you achieve the security many Americans felt for most of the aughts. Nationwide Biweekly Administration, one of the nation’s Largest and most recognized administrators of bi–weekly programs, shares tips for saving money in these challenging times.

Monthly expenses such as utilities, mortgages, car payments and insurance and cell phone bills can be the thing that makes or breaks a family’s budget. Do you have both a home phone and a cell phone? Is there a specific reason you need both? If not you can cut out your traditional landline completely and just exist with a cell phone.

Speaking of that cell phone – how many minutes do you use? Is there a way for you to cut back on your monthly plan to save a little money? Consider switching to a pre-paid cell phone provider and experience a cheaper bill and the freedom of not being beholden to a set in stone contract from one of the major cell phone providers.

Another big monthly expense is television. How do you get your broadcast – from a cable provider or satellite provider? Have you explored the alternatives? One Nationwide Biweekly Administration staffer switched from cable (with no movie channels) to satellite (with 3 movie channels) when he found out the satellite company’s monthly bill would be $80 less than he’d been paying his cable provider.

Internet can be another big ticket item. Cable modems are expensive if not “bundled” together with cable service. DSL’s are relatively inexpensive, but also notoriously prone to outages. How about your cell phone again – if it is an internet capable phone you may be able to tether it to your PC to get internet access for a fraction of the cost of a cable modem or DSL.

Finally, few amongst us have not been, at one time or another, paying for a gym membership that we do not use. Whether you’re monthly dues are $19 or $190, if you are not going to the gym on a regular basis, you are basically throwing this money away each month. Even if you do go to the gym regularly, you may be able to trade the gym for the outdoors and save that money anyway. Running, jogging or power walking down a city street or country road is free. Nationwide Biweekly Administration is one of the nation’s largest administrators of weekly and bi-weekly mortgage payment program s that save homeowners thousands of dollars.

Nationwide Biweekly Administration And Social Media

With so many new sites out there in the social media world, Nationwide Biweekly Administration has decided to join posterous and give it a try!.  It is amazes us that there are so many social sites out there right now like twitter and facebook.  It is a great way to connect with the outside world and provide real time answers to people about our company.  We have also joined tumblr as well.  Come check us out and lets be friends!

 

Nationwide Biweekly Administration