Ever considered making bi-weekly mortgage payments? Here’s why you might! #realestate #mortgage #firsttimehomebuyer
Ever considered making bi-weekly mortgage payments? Here’s why …
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TikTokwhatsamortgage_
🏡 What your bank doesn’t want you to know… You can pay off your 25-year mortgage 6 years earlier and save $286,600 in interest—just by switching to bi-weekly payments! Instead of 12 monthly payments per year, you make 26 bi-weekly payments, which adds up to one extra full payment per year. Want to cut 6 years off even faster? Increase each bi-weekly payment by just $267 and you’ll be mortgage-free 6 years sooner! 💰🔥 Don’t let the bank profit off you—get ahead today! #MortgageHacks #SaveMoney
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🏡 What your bank doesn’t want you to know… You can pay off your 25-y…
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TikTokjennytatemortgage
The bi-weekly mortgage payment hack is not really a hack for paying off a mortgage faster 👀 Here’s the problem with bi-weekly payments, most servicers don’t credit a mortgage payment until both payments are made. So, that second payment might not count as extra, it could instead go towards pre-paid interest. The key to paying off a home early is by making the regular payment first and then paying extra towards principal only ✅ If you found this helpful follow my page 🏡 #mortgagepayment #mortga
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