Finance Tip of the Day

Low-Cost Ways to Becoming Mortgage FREE: Biweekly Payments

  • 2018 15 Nov
  • COMMENTS
Low-Cost Ways to Becoming Mortgage FREE: Biweekly Payments

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Low-Cost Ways to Becoming Mortgage FREE: Biweekly Payments

One simple way to shave 5+ years off of your mortgage is to simply divide your current monthly payment in half, and make biweekly payments instead of one monthly payment.

If you’re paying $1200 every month, simply split that amount into two $600 payments and you’ll be amazed at the years and interest payments you can eliminate.

Word of caution: many banks will try to offer you a “biweekly” mortgage payment service, which usually has a fee associated with it. Do not fall for this. With a little discipline and good planning, you can do this yourself, for FREE!

Today's tip brought to you by Mvelopes and Money4Life Coaching.




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