Why Biweekly Mortgage Payments Are Clever And Don’t Cost You More Money

Did you know that if you make half-sized payments on your mortgage every two weeks, you could pay off your mortgage faster? Essentially, you end up making 13 monthly payments instead of 12 which ends up applying more money to the principal.

It’s simple. Simply send half the payment in either by check or electronically the every 2 weeks. This will save you thousands of dollars over the course of your loan. Just be sure to tell them to apply that portion of the payment to the principal.