Pay more than the required payment (make extra payments in the manner your lenders prescribe – so you don’t lose out because of computer errors, etc.) – focus on your highest rate debt first. Bi-weekly payments are an excellent means to pay extra principal almost painlessly – if your paydays are weekly or bi-weekly, and if there are no fees…
Tag: Bi-Weekly
The Pros And Cons Of A Bi Weekly Mortgage
Having a mortgage can be expensive; with the interest that is charged over the life of your mortgage, a large portion of what you end up paying is nothing more than interest payments and not the loan itself. Obviously it’s important to be able to pay off your mortgage as quickly as possible in order to keep the interest at…