Products

BiSaver
The math is easy. 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.
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Highway26 COMING SOON
Douglas-Michaels has identified the RV, marine and airplane industries as primary targets for its imaginative and groundbreaking application of its biweekly product.  Called “Highway26”, this version of the BiSaver program can deliver the same interest savings and shorter loan term for this collection of enthusiasts as it does for homeowners. As long as the financing for this variety of vehicle is amortized and there remains a significant balance left on the loan, Highway26 can benefit both the owner and the financer of the vehicle.
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BiSaver Plus
Douglas-Michaels is excited about the development of BiSaver “Plus” as an employee benefit for companies wishing to enhance their benefits package. It’s a fresh and inventive approach to a successful program that will have a positive effect on your employee’s quality of life.

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