Pay off a loan more quickly
Regular mortgage payments are due monthly - a total of 12 payments per year. In a bi-weekly mortgage program, regular scheduled payments are made every 14 days. The 26 payments translate to 13 monthly payments in a year. This allows you to pay off the loan in a shorter time period, which may save you thousands of dollars in interest.
Payments are auto-debited from an RSI Bank account every fourteen days. Ask a lending representative for details.
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