About us

BiSaver is a specialized bill paying service that converts the payment flow of a traditional monthly mortgage to a biweekly payment schedule. Enrollment in the BiSaver Program can save a homeowner tens of thousands of dollars in interest expense while building equity at an accelerated rate.

With BiSaver, instead of paying the whole monthly mortgage payment once a month, borrowers pay one half their monthly payment biweekly or 26 times each year. Funds are drafted from the borrower’s bank account every 14 days and credited to the borrower’s payment on the regular monthly due date. By transferring half a payment every two weeks, borrowers make the equivalent of one extra mortgage payment each year that is credited to their principal. The result for the borrower is a substantial savings in interest and a reduction of the mortgage term.

Although every mortgage is different, the average BiSaver customer can save tens of thousands of dollars in interest charges and reduce the term of their mortgage by an average of 4 to 8 years.

Biweekly Mortgage Accelerator

Biweekly Mortgage Accelerator

Here’s how it works.
	BiSaver	Traditional
Loan Amount	$200,000	$200,000
Interest rate	7.000%	7.000%
Payment	$665.31 biweekly	$1,330.61 monthly
Years to repay	23.6 years	30 years
Total interest	$210,135.11	$279,013.30
Interest savings	$68,878.19	$0
*Figures are based on a 30 year fixed rate mortgage at 7.00% with a balance of $200,000.

In the above example, you would cut 6 years and 4 months off your 30 year mortgage. And to make that even better, you would save $68,878.19.

To see what your savings can be, click here to try our BiSaver, biweekly savings calculator for yourself.

Or, if you’d like additional information about your specific savings call us at (800) 368-8800.