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Biweekly Amortization +
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Version
1.2
Program Description: BIWEEKLY AMORTIZATION
THE BANKERS' SECRET IS REVEALED!!!
This program is a 16 bit version of a biweekly payment
schedule that demonstrates the effect of reducing the
term and interest amount of a loan. It will run under
Win 95, 98, Me, NT4, 2000 & XP. By making a loan
payment every two weeks of half of the monthly payment,
26 payments are made each year. This program
demonstrates the savings available to you if you pay
your mortgage every other week instead of monthly and
are CREDITED THE PAYMENT by the lending institution at
the time of payment.
Printouts are professional looking and may be used by
financial planners as the program contains a "prepared
by:" area and may also be useful to them in advising a
client on this method of mortgage payment by
demonstrating the effect this type of mortgage has on
the term of the loan as well as the total amount of
interest paid.
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