Fall is an especially good time to think about savings. With the traditional back-to-school in September, children and adults alike can “turn over a new leaf” to start fresh. The household budget is a great place to start, suggests Nationwide Biweekly Administration.
Today’s post is an explanation of articles you may have seen or run into when you do a search on Nationwide Biweekly Administration. It is amazing how a hand full of people, who have not fully researched a company, can post a blog on the internet and misrepresent them. I find these articles to be as believable as the national enquire and have very little solid information to back them up. With this said I have “legit” research to back up everything that has been said (see below) and to prove that Nationwide Biweekly Administration is NOT A SCAM.
First point I want to go over is the way NBA may market to potential customers. Some of you may have received a letter with the name of your lender on top that explains how Nationwide Biweekly Administration can save you money on your mortgage with their interest minimizer program. This letter is not intended to “trick you”. The reason why your lender is on the top of the page simply shows you that NBA administers the program to your lender as well as over 5,000 other lenders. If you so choose to call you will be connected to their customer service departments which can run a savings analysis report on your mortgage or any other type of loan you are trying to pay off early.
The second point I want to make is the trust issue with NBA. If there is any biweekly program company that you can trust with making sure your payment is applied properly and on time, it has to be NBA. Why do I say that? Well first they are one of the nation’s largest and most recognized independent processors. They are fully licensed, bonded, and registered with FinCEN – the Financial Crimes Enforcement Network – as a Money Services Business. On top of that they are also listed with Dunn & Bradstreet and the Better Business Bureau. But what I really find interesting is they are the only biweekly company that has been independently audited by the C.P.A. Firm of Flagel, Huber, Flagel, & Company. As you can see in this video they earned a Gold Seal of Approval documenting that their savings estimates are accurate, funds are protected by FDIC Insured Banks, client’s funds are being remitted to lenders accurately and timely, and their program operates as indicated in contracts. To top off any more trust issues you may have, their corporate office is located in the State of Ohio and is audited annually by the State to ensure strict compliance to all State and Federal Regulations. All payments are securely processed through the Federal ACH Banking System, and enjoy protection under Regulation “E” of the Federal Reserve. Under Regulation “E,” funds debited from your account are protected against fraud or loss for a period of 60 days from the drafting date. You are completely protected & have nothing to worry about with Nationwide Biweekly Administration.
My last point that will be covered pertains to the articles on how biweekly programs are nothing but a scam or something that you shouldn’t need to pay someone to do because you can do it yourself. For the sake of these articles I am going to sum it up for you and assure you that biweekly programs are NOT a scam. You see, in a perfect little world we would do everything ourselves. In the morning we could jump right of bed into our workout clothes and hit the weights for 30 minutes. Then we could hurry up and cut the grass before heading into work. During lunch we could rush home and change our oil. Then once the work day is finished we could clean the pool out and maybe even give the dog a bath and a quick trim. Sounds ridiculous doesn’t it? It’s a good thing that we have people that can actually help provide us with convenience, discipline, and structure so we can stay on track and not have to do everything on our own. This is how I see what a biweekly program can do. Of course this is something that every one of us can do. How simple can it be to make an extra payment a year? Well I guess not that simple since less than 1% of Americans prepay their mortgages every year. Lets be honest, if anyone of us had extra money that equaled our mortgage payment I doubt that making an extra payment towards it would be the first thing on your list. So if you think that Nationwide Biweekly Administration is a scam then so is your personal trainer, lawn cutting service, guy that changes your oil, pool boy, and dog groomer. These are all helpful services that are provided for those who want them. If you would like to talk about scams go ahead and check how much interest you will be paying your bank once you pay off your loan. I guarantee you will be giving them thousands of dollars more then you would ever give a company that provides a biweekly program.
I hope this sums up some of the articles you may have read and would love to see some POSITIVE comments on how using a biweekly program has help you out. Nationwide Biweekly Administration
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Nationwide Biweekly Administration savings tips.
Look around your house. Chances are there are areas of clutter than you can reduce. But before you head off to the Salvation Army to donate it, consider selling it instead. From Garage Sales to Craigslist to EBay, Etsy and beyond, there are ways to make a few bucks off the stuff you simply don’t want anymore.
Garage sales are pretty easy and can encompass everything from that ratty couch you’ve had since college to art, music, clothing and beyond. You might want to check out neighborhood Garage sales before having one of your own. After all, it would stink to find out you charged $5 for something but a garage sale down the street had no problems unloading the same item for $15. It comes down to knowing your neighborhood’s demographic. Lots of recent college grads or artistic types? Keep the prices low. Young-ish urban professionals as neighbors, raise the price just a bit. Be sure to advertise by putting flyers on light poles and near intersections. If you live in a neighborhood of apartment buildings, see if you can post a flyer in their lobbies.
Not sure those early morning all day sitting on the sidewalk with all the stuff you don’t want garage sales are for you? Well thanks to a rather ingenious guy named Craig, you have options. Craigslist is ubiquitous with garage sales these days, only this garage sale is completely virtual. Chances are if you’re searching for something – say, 6 foot fake Christmas tree – you will find in on craigslist. I knew someone who purchased big rubber bins for moving at Target. Once they were unpacked, they were listed on craigslist (for slightly more than she’d paid for them even!) and within 90 minutes, they had been picked up and cool hard cash lined the wallet of the seller. Craigslist is free to post.
Sitting on something you don’t want that is vintage, unique, or collectible? Take it to EBay and list it in the appropriate categories. Designer clothing, shoes, handbags, jewelry, sports memorabilia, watches, vintage lunchboxes. If you can think of a product, someone is selling it on EBay. And in the best case scenario, a bidding war might break out over your Partridge Family Thermos from your old lunchbox and you might find yourself reaping a bit of a windfall! Nationwide Biweekly Administration.
If you’re a crafty type or have a bunch of vintage clothing, jewelry, handbags and shoes, Etsy is a good resource. This online craft-market allows users to create their own stores and set the price for their goods.
By using one, all or some combination of these tips, you’ll soon find yourself free of clutter and flush with cash. Nationwide Biweekly Administration
Nationwide Biweekly Administration Tips - Spring has sprung and people across the country are starting to think about one thing: vacation. The tradition of the annual summer vacation is as American as Apple Pie, Baseball, and Golden Retrievers. However, we’re living in somewhat shaky economic times and you may not have $5,000 to throw down for a family cruise to the Caribbean. Let’s take a look at some ways to save money for vacation.
Take a look around the house. What can you live without? Satellite TV? A big family plan on your cell phones? High Speed Internet at home? A Gym Membership you don’t, or rarely, use? Monthly expenses such as utilities, satellite or cable television 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 landlines completely and just exist with a cell phone.
Nationwide Biweekly Administration Tips
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? Sometimes you can cut close to $100 a month from your budget by changing providers.
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. Look into lower cost alternatives in your neighborhood. In some places everything from free neighborhood wifi to cell phone tethering is available for your Internet use. Nationwide Biweekly Administration
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.
By taking a few, or all, of these steps, and putting the money you’ve saved into a vacation account, you’ll be packing your swimsuits and sunscreen and heading off for some fun in no time at all. Nationwide Biweekly Administration iweekly administrat
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
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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 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!
