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#1730779 - 08/14/12 07:24 PM biweekly mortgage payments
Compli(cated) Offline
100 Club
Joined: Mar 2011
Posts: 185
Wisconsin
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!
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Lending Compliance
#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.
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