25-year Fixed Bi-Weekly Mortgage

An alternative to a 30-year Mortgage

You could save thousands of dollars in interest by choosing a 25-year fixed rate Bi-Weekly mortgage over a traditional 30-year mortgage. What’s more, you could also build equity in your home faster by making bi-weekly payments over monthly payments. Read on to learn how you could benefit from choosing a 25-year Bi-Weekly mortgage.

Payments for bi-weekly mortgages are made every two weeks (26 regularly scheduled payments per year), which translates to 13 monthly payments each year.  Making the equivalent of 13 monthly payments, as opposed to 12 payments per year, may allow you to pay less interest over the life of the loan, while also lowering the principal balance more quickly. Consider the following example:

25-Year Fixed Mortgage with bi-weekly payments 30-year Fixed Mortgage with monthly payments
Principal balance: $200,000 Principal balance: $200,000
Annual percentage rate: 3.50% Annual percentage rate: 3.50%
Approximate interest paid over life of loan: $86,698 Approximate interest paid over life of loan: $123,312

By making bi-weekly payments on a 25-year mortgage, rather than monthly payments on a 30-year mortgage, borrowers may reduce the loan term up to 8 years, thereby saving thousands of dollars in interest.

There are several factors to consider when making an informed decision about whether a Bi-Weekly mortgage may be best for you. To name just a few, you may want to consider the equity you have in your current home or from a previous sale, the length of time you plan to own the home, the loan amount, and your ability to make bi-weekly payments.

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RSI Bank loan officers are knowledgeable and experienced in mortgages and home loans. Speak with a Residential Loan Officer about your mortgage options. Email or call us today!
RSI Bank 25-Year Fixed Bi-Weekly Mortgage – At a Glance1

  • Available for purchases in Union and Middlesex Counties, New Jersey
  • Loan amount up to $510,400
  • In-house underwriting
  • 90-day commitment for purchases
  • No prepayment penalties
  • Dedicated customer service

Call a Residential Loan Officer today!

1 Special program. Some restrictions apply. Call 732.388.1800 to speak with a loan representative for further details.

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State Licenses

NMLS Loan Originator ID: 409467

Loan applications are limited to the following states.

State License Number Expiration Date
New Jersey 409467 12/31/2021