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Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57396966 added 02-05-2013 9:40 PM by ElectroWolf in Archived Deals
While most of these "bi-monthly mortgage payment" letters you get in the mail are a complete sham (they hoard your money until the end of the month, charge you outrageous convenience fees, etc.), the...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57393664 added 02-05-2013 6:38 PM by Sheltonct in Archived Deals
If looking to pay faster for best payoff at an affordable rate is to pay 1/12 extra of current payment every month. It's proven to out perform 2x monthly payments an much better than 1 full payment...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57193240 added 01-28-2013 12:57 PM by jofeda in Archived Deals
I recently refinanced my mortgage to a 30yr fixed and my loan service provider is offering a biweekly payments program. A 400 dollar sign up fee and $1.25 extra per payment. Looking into it further...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57423344 added 02-07-2013 1:33 AM by Sheltonct in Archived Deals
I learned about 1/12 plan from a financial book my grandmother bought me well before I got married and a house. The charts showed example of all ways. Bi does save money if allowed straight thru...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57193378 added 01-28-2013 1:05 PM by jmag034 in Archived Deals
https://slickdeals.net/f/5801082-Question-on-Biweekly-Payments
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57195764 added 01-28-2013 2:50 PM by MNGuy183 in Archived Deals
No you're not missing something. These programs are completely stupid unless they're free. Keep in mind the "savings" doesn't take into account your total portfolio of loans. You are saving...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57394270 added 02-05-2013 7:10 PM by BreakingTheBank in Archived Deals
Sheltonct got it right. I pay $100 extra towards principle every month and it took 7.5 years off my mortgage. Just make sure when you make the additional payment that you note it is towards...
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57401108 added 02-06-2013 6:25 AM by saladdin in Archived Deals
1/12 payments save me more over the biweekly. Everyone should just run the calculators to see what works best.
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57225924 added 01-29-2013 5:09 PM by jofeda in Archived Deals
Thanks for the feed back. Yall
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57194054 added 01-28-2013 1:35 PM by vaultaddict in Archived Deals
You got taken. Try to cancel it.
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57227416 added 01-29-2013 6:18 PM by Dr. J in Archived Deals
the funny part is that to get around this, and to not have to write all sorts of farking checks, you could use the bank's own billpay system to pay themselves :lol:
Bi Weekly Mortgage Payments
Expired
Thread created 01-28-2013 by jofeda
0 Score 11 Replies 1,661 Views
Post #57359176 added 02-04-2013 12:10 PM by saladdin in Archived Deals
Drop it. Use the $400 to pay on principal and you would already be ahead of this silly program.

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