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Pros And Cons Of Making Biweekly Mortgage Payments

This is for sample purposes. Call me for your analysis.

This is for sample purposes. Call me for your analysis.

Have you ever considered paying off the mortgage on your home in two biweekly payments rather than one monthly payment? It might seem like this wouldn’t make a difference, but the truth is that biweekly payments really do add up more quickly.

Since there are 52 weeks in a year you will end up making 26 payments in total – which is equal to 13 months rather than 12. This means that your mortgage will be paid off more quickly and you will save money on interest payments in the long run. Read the rest of this entry »

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Posted by on December 30, 2013 in Mortgage Tips

 

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