Why do I need to be paid ahead?
When enrolled in bi-weekly, funds are held in your loan’s suspense account until the full contractual amount is received to
satisfy a mortgage installment, at which time, the full amount will be applied to your monthly payment. To ensure late charges
and/or negative credit reporting do not occur, the loan must be paid ahead.
For example, if payments began on April 7th, with the loan still due for April, the second half would be received on April
21st, which is after the allowable grace period.
Likewise, if payments began on April 14th, with the loan still due for April, the second half would be received on April 28th.
As payments continue to be received late each month, the bi-weekly schedule will continue to go o track and eventually
negative credit reporting may occur.
How do I enroll in Bi-weekly Drafting?
Connect with our Customer Experience Team! We’re here to help you get started and can be reached at Customer Service
Toll-Free 1-855-979-1084 M-F 8:30 a.m. - 7:00 p.m., ET
PID 13138 | AO_0723
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Calvin Hall Rd, Indian Land, SC 29707.
8024 Calvin Hall Road, Indian Land, SC 29707
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