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

Is A Nationwide Biweekly Administration Plan Right For You?

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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