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#1730779 - 08/14/12 07:24 PM biweekly mortgage payments
Compli(cated) Offline
100 Club
Joined: Mar 2011
Posts: 185
I read through the older posts, but could not find anything specific to my question.

Am I correct in thinking that an existing mortgage can be modified to be paid biweekly? What disclosures, if any, would be required?

Thank you!
Opinions are my own.
"I was gratified to be able to answer promptly. I said I don't know." - Mark Twain

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#1730886 - 08/15/12 01:11 AM Re: biweekly mortgage payments Compli(cated)
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,097
Toano, VA
If the modification can be done without replacing the note or adding a variable rate feature, it is not a "refinancing" and no new disclosures are required.
...gone fishing.

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