Company Information

Get to know Biweekly Mortgage Association

Founded in 1989, Biweekly Mortgage Association (BMA) provides a mortgage acceleration service called the Interest Saver Program. The company is not a lender but acts as a third-party payment processor. They automatically debit a homeowner's bank account every two weeks for half of their monthly mortgage payment and then forward the full monthly payment to the mortgage lender. This process results in one extra full mortgage payment per year, which is applied to the loan's principal, thereby reducing the loan term and total interest paid. BMA charges enrollment and periodic transaction fees for administering this service.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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Biweekly Mortgage Association

United States

Founded in

1984 (42 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.