Bi-Weekly Mortgages
Would you be interested in paying off your mortgage early?
Our bi-weekly mortgage can help you do exactly that–and enjoy some considerable savings along the way.
With our bi-weekly mortgage, you make one-half of your monthly mortgage payment every two weeks for a total of 26 bi-weekly payments each year.
The benefits include:
- Reducing your principal balance more quickly, reducing the total interest paid and the length of time to pay off the loan
- Automatic bi-weekly payments deducted from your Merchants Bank checking account
- A variety of rate and term options available
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Questions?
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Do I need to live or work in Vermont to open an account or loan?
Do I need to live or work in Vermont to open an account or loan?
Merchants Bank opens accounts or loans for people living or working in Vermont or communities adjacent to our offices.
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