How to Start Bi-weekly Mortgage Loans

Submit Your Tip

How to Start Bi-weekly Mortgage Loans – This is a place for the community to provide tips and advice on How to Start Bi-weekly Mortgage Loans. This topic was created by Naoki Kazama and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Bi-Weekly Mortgage Program: Are They Even Worth It?

Published: 9 years, 3 month(s) ago | Submitted by Ronald Versteijnen | permalink

About the bi-weekly mortgage payment program, and whether it's an effective way to own your home faster. Analysis, plus today's live mortgage rates.

For further reading: http://themortgagereports.com/11183/bi-weekly-mortgage-payments-will-you-pay-your-mortgage-faster ^[1]

Tip 2 - Why You Shouldn't Use Your Lender's Biweekly Mortgage Payment Scheme

Published: 9 years, 3 month(s) ago | Submitted by Evan Anger | permalink

Paying your mortgage every two weeks instead of monthly could save you tons of money in interest and shave years off your mortgage. However, if your lender offers a payment plan for doing this, you should probably skip it and set it up yourself. Here's why. Twice-Monthly Half Mortgage Payments Might Save You Money Twice-Monthly Half Mortgage Payments Might Save You Money Twice-Monthly Half Mortgage Payments Might Save Yo Some financial planners advise making two half payments on your mortgage each month instead of one… Read more Read more
Tags: personal finance, money, mortgages, debt, loans, home, housing, saving money, Lifehacker

For further reading: http://lifehacker.com/why-you-shouldnt-use-your-lenders-biweekly-mortgage-pay-1641264461 ^[2]