Crowd Notions

The biweekly mortgage plan is an excellent way to pay more of your mortgage debt off in the matter of a year compared to the normal monthly payments. However, if you already are paying for a mortgage loan on a monthly rate, some sketchy lenders will offer you the option to change your loan to biweekly mortgage or another payment schedule stating that it will save you money on your payments. But, the catch to this is that they charge you a fee, and that is definitely a scam.