A mortgage refinance can save a homeowner hundreds of dollars a month. Many homeowners take the refinance savings and pay off other debt they may have or save the money for future spending. Another way to use the savings from your mortgage refinance is to apply that savings back into the mortgage. Even if you [...]
1. What Bills Can I Pay With Biweekly Payments? You can pay any loan you have with biweekly payments – home mortgages, car loans, school loans, boat loans, personal loans and credit cards. Any other fixed monthly bills such as rent, cable, daycare, cell phone – as long as the monthly amount due does not [...]
The current housing market has shown that most home values are either stagnant or decreasing. Equity is gained two ways: 1. Increase in the value of the home. 2. Paying down the principal balance of the mortgage. Since the value of homes are not increasing in most places, this leaves only one option to build [...]
When you make biweekly payments to your mortgage loan, it will have a tremdous impact on interest savings. Here is an example using a current mortgage rate and a typical loan amount: A $150,000 mortgage loan at 30 years with a 5.0% interst rate will cost you $139,883.68 in interest. That same loan, while maying [...]
Welcome to your resource on Bi-Weekly Mortgage payments, and the benefits they can provide….
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