What if I told you that you could save tens of thousands of dollars and pay off your 30-year mortgage as much as 8 years early without even noticing much of a change in your budget? Well, you can. If you were to simply take your regular monthly mortgage payment and cut it in half and make bi-weekly payments you could do just that. It's a rarely used tip that can help you pay off that mortgage years early and shave thousands in interest. Learn how to use bi-weekly payments to pay your house off faster.
Bi-Weekly Mortgage Payments Can Lead to Big Savings
By Jeremy Vohwinkle, About.com Guide August 26, 2009
Explore Financial Planning
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This is a good tip. The amount of interest you can save is excellent. Agree that the bank should not be charging you extra fees in order to do this. But they always seem to find ways to charge you for everything!