Lets Talk About The Word Mortgage - Nationwide Biweekly Administration

72 544x376 Normal 0 false false false EN-US X-NONE X-NONE

Nationwide Biweekly Administration - Mortgage, a nasty word that all home owners hate to say and hear. An astronomically large loan from a bank that a person will spend thirty years of their life repaying. Sounds terrible right? However there are ways around having a completely negative look at mortgages and actually cheating the system. Little tricks from companies like Nationwide that offer bi-weekly payments is a huge advantage. Now bi-weekly payments are beneficial as it is, but they actually are used best and most effective when it comes to mortgages.

            So why are these bi weekly payments so beneficial to paying off your mortgage?The reason being is since a mortgage is a loan over a long period of time, there are tons of payments due. If you make payments every fourteen days instead of every thirty-one then your making thirteen more payments a year! Each extra payment you are making trims a little extra interest off because interest is a cumulative factor. This makes your total loan amount go down! After awhile all these extra payments and little bit of interest trims really start to add up! During a thirty year mortgage if a person continually makes bi-weekly payments instead of monthly they can pay off their mortgage a whole six to eight years faster! Thats almost like cutting off 1/3 of your loan! Since it is paid off in less time, there is less money paid in interest. This means it cuts down the total amount of money you pay, interest and principal. Not only is this saving you an astronomical amount of money but bi-weekly payments coincide with most peoples pay check schedules. This makes it possible to have a continual flow of money to paying off your mortgage. This way you are less likely to fall behind in your mortgage and the best part is even if you do miss a payment you can make it up since your using bi-weekly payments. The reason is because paying every fourteen days instead of thirty-one it cuts your bill size in half. That way if you miss one payment, the penalty isn't as harsh and hopefully by the time the next payment is a due, there will have been ample time for the person to recover. Now I know this seems like a small thing but it really isn't. Falling behind in mortgages is a huge problem and even recently caused the largest economic downturn we’ve seen in decades!

            As you can see when it comes to paying off a mortgage, using bi-weekly payments is definitely the strategy to use! In a mortgage most of the monthly payments go to interest and thats where the costs really start to build up! With bi-weekly payments this eliminates a lot of those costs and cuts down the amount of time it takes you to pay back the loan. With all of these benefits, its pretty simple to see why bi weekly payments is the best strategy to use!

Nationwide Biweekly Administration

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

Nationwide Biweekly Administration Events!

Nationwide Biweekly Administration was very excited to be a part of the Music In The Park Event this year!! Music and arts are very important programs that Nationwide Biweekly Administration loves supporting. A great time was had by all.

Information About The Music In The Park Event:

Nationwide Biweekly Administration XENIA — Even without the city’s Parks and Recreation Department taking charge, the Music in the Park annual series will continue due to work by the volunteers at the Board of Recreation, Arts, and Cultural Activities (BRACA).

The Music in the Park series is a long tradition in Xenia, providing free musical entertainment in the middle of Xenia’s Shawnee Park, and this year will continue that streak. The first Sunday of June, July and August will bring live music to the pavilion.

On June 6, Ralph Kettering and the Impossibles will be performing music from the stylings of the ’40s, ’50s, and ’60s to numbers from Jimmy Buffet’s “Margaritaville.” The Impossibles are a five-piece big band with a trumpet, keyboard, tenor sax, bass and drums, and they have performed at the Music in the Park events in past years.

July 4 will feature Ray Foster’s “Four to Go.” They were formed in 1968 for the purpose of performing music in the style of the jazz/pops combos of the 1930s, ‘40s and ‘50s. Although the group plays some music of the contemporary period — 1980s and 1990s — it is all presented with a distinctive flair reminiscent of popular music of two or three generations ago. The group performs jazz and popular standards including swing, ballads, and Latin.

Then, on Aug. 1, Runnin’ Outta Tyme will perform gospel, classic country, classic rock, and old standards. The band is made up of Lee Villars on rhythm guitar and vocals, Villars’ son, Tim, on vocals, Donny Pierson on lead guitar, Dave Hutchinson on drums, and Larry East on bass guitar and vocals.

All concerts are free and the public is only asked to bring a blanket or a lawn chair to enjoy the show.

Without funding from the city, BRACA members worked together with the city and the community to provide the concert to residents free of charge. Sharon Creviston of BRACA said that they received complete sponsorship of the event from Nationwide Biweekly Administration, Inc.

“It’s unusual for a small town to have such a beautiful park,” said Creviston, who remembers taking her own children to the Music at the Park series. being able to continue to host the series in tight financial times reflects the compassionate nature of the community, and that the city, residents and BRACA were able to work together for a recreational activity for residents shows the true spirit of the city, said Creviston. “It’s something I just didn’t want to see die.”
Aaron Lawson

Nationwide Biweekly Administration Sponsorship