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Sunday, 0 August 2006
Bi-Weekly Mortgage Calculator - How Much Will it Save You?
Posted at Sunday, 0 August 2006, 12: AM, Categorised as Mortgage
Copyright 2006 Geoff Morris
Imagine if there was a way that could help you could reduce the term of your mortgage by up to Five Years? Just think - if you could reduce the term of your mortgage by up to five years earlier, then you could even retire earlier, or enjoy 5 years of better holidays, better cars...
What would you do with this advice- ignore it - and lose the chance to reduce your interest paid to those greedy Banks over a 25 year period - or grab something back for yourself?
What if all you had to do was to pay half your mortgage bi-weekly (fortnightly to our UK cousins) - and all these benefits would be yours...
Now, doing the math for bi-weekly mortgages might be too much of a hassle for the regular home buyer, but all a fortnightly mortgage is, is actually just your normal mortgage payment cut in half. Every other week, you pay one half of your normal mortgage payment.
Let
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