Posts Tagged ‘biweekly’

Need a Mortgage pre-payment and bi-weekly payment function!?

In: Mortgage

6 May 2010

I just bought my first home and I want to pay it off by the time I turn 30 years old. I’m 20 and I make 30K a year. My husband does as well. I want to pay an extra $50 monthly and $5500 yearly towards the mortgage. And I want to do this while [...]

How does making your mortgage payment bi-weekly save you money?

In: Mortgage

8 Feb 2010

I got a letter in the mail from the bank that says paying our mortgage payment bi-weekly instead of monthly could save us $40,000 to $100,000 in interest and reduce our mortgage term by 7 to 9 years without refinancing. How does this work?


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