Top Tip Finance

Is it Beneficial to Pay Your Mortgage Biweekly?

Our mortgage lenders encourage us to pay our mortgage bi-weekly, instead of monthly. We would send off half of our normal mortgage payment every other week. That would make 26 annual payments, instead of 24 (12 months x 2). So we would end up making one extra payment per year to save us a bunch of interest over the long term.
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