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

Published  | Submitted by Evan Anger
Why You Shouldn't Use Your Lender's Biweekly Mortgage Payment Scheme

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 oneā€¦ Read more Read more
Tags: personal finance, money, mortgages, debt, loans, home, housing, saving money, Lifehacker

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Posted: 9 years, 3 month(s) ago

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