Friday, November 16, 2012

Pay Off Your Mortgage in Up to Half the Time With Bi-Weekly Payments

One way to pay off your mortgage faster is to make bi-weekly mortgage payments instead of monthly ~ this can save you hundreds of thousands of dollars in interest over the long-term as well as allow you to make paying off the mortgage less of an endurance test. If your mortgage is amortized correctly over the 26 weeks, then you can take years off of the time it would normally take to pay your 30 year mortgage off and save a huge amount of money in interest payments.

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