Pennies Are Not From Heaven

How do you keep the same total monthly payments and yet cut years off your mortgage? It’s actually easy to do if you switch from monthly to biweekly payments. The biweekly payments can be exactly half of the monthly payment but you will own your house a lot faster simply due to the benefits of paying down you premium just a little faster. In a typical scenario you can cut nine years off a thirty year mortgage and two years off a fifteen year mortgage. Contact you mortgage lender to learn the options and if the conversion costs are not too big then go for it as nine years off a thirty year mortgage could mean a lot to you.