A 30 year bi-weekly fixed rate mortgage provides a bi-weekly payment that doesn’t change. A fixed rate mortgage is the most popular loan option available today. There is no prepayment penalty – you can make extra payments at anytime or pay off the loan early without penalties or fees. We also offer monthly repayment arrangements. Learn more about Liberty Bank Bi-Weekly Mortgages.
For example, a 30 year amortizing bi-weekly loan in the amount of $180,000 at a rate of 5.75% with an annual percentage rate of 5.776% would have a payment of $525.22 and 640 bi-weekly payments. Your actual number of bi-weekly payments will be determined by the product, term, and rate option chosen.