Sentences with phrase «scheduled by the mortgage lender»

Not exact matches

This calculator will show you how much you will save if you calculate interest for two - week intervals and apply the biweekly payments less the interest to reduce principal every two weeks (in other words, if you set up a true biweekly (sometimes called simple interest biweekly) payment schedule), instead of having your money withdrawn from your bank account every two weeks by your lender and making a full mortgage payment once a month plus one additional payment once a year out of a special account, managed by the lender (pseudo biweekly or standard biweekly payments).

If your credit score isn't so great, you could have to pay a higher mortgage rate or your mortgage application could be denied by schedule A lenders, so you might have to go with alternative lenders with higher mortgage rates.