About bi weekly mortgages
Just wondering if any one has had any experince with a biweekly type mortgage.
We are getting ready to fill out some papers to start up that type of
Mortgage.
I know it would be cheaper to just pay the extra payment myself.
That is what it works out to is paying an extra payment a year.
But to start with we are just going to fork up the start up fee and
Then pay the dollar for each withdrawl biweekly out of my bank account.
So it will be 400.00 to start up ant then 2.00 a month and I will not have
To worrie about sending the payment.
It will knock almost 6 years off a 30 year loan.Any thoughts out there?
Thanks Doug