Bi-Weekly Home Loan Payments

This simple idea could mean huge savings for you!

 

Stanford Federal Credit Union can help you build equity faster, own your home free and clear sooner, and save thousands of dollars in interest - without refinancing your current mortgage. Just sign up for our bi-weekly payment program.

Here's how it works:

By making your payments every two weeks, you will make one extra payment each year, which goes straight towards reducing your principal balance. The results are amazing. To calculate how much you save with bi-weekly payments click here

Example: $375,000 mortgage at 6.25% APR**

Note: *Based on standard amortization, individual results may vary. We assume that no prepayments were made prior to the start of the bi-weekly payments. In the case presented, the loan is $375,000 for 30 years.

 

Here’s how to get started with Bi-Weekly payments today!

Click here to download a Bi-Weekly Payment ACH enrollment form or call us at 650-723-2509 or toll-free (outside 650 area code) 888-723-2509 and our member representatives will be happy to help you.

To complete the enrollment form you will need to include:

  • Your Loan Number
  • Name and signature
  • A voided check or deposit slip from your account
  • $150 enrollment set-up fee
Then mail your completed enrollment form and documents to Stanford FCU at the address provided on the form, or fax the enrollment form to 1-866-796-8992.

**Annual Percentage Rate

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