Save Thousands on Your Mortgage Payments

ImageA simple switch in how often you make payments on your mortgage can save you tens of thousands of dollars in interest over the life of your loan. You also can trim the time it takes to completely pay off your mortgage.

In a biweekly payment plan, you pay half your monthly mortgage every other week. With the biweekly plan, you:

  • End up making one additional full mortgage payment every year. That extra payment goes directly toward the principal of the loan.
  • Reduce the amount of interest charged over the life of the loan.

Be sure to check with you lender to make sure that it accepts biweekly payments and credit them immediately. If the lender waits until receiving the next patent before crediting both payments to the loan you won’t see the financial benefit.

Source: MortgageCalculator.org

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*Assisting people achieve their dream of owning or selling a home with professionalism and excellent customer service *ABR, MRP, PMN, CNAS, TRLP Graduate *Licensed Texas REALTOR® #0207820 *Active member of the Women's Council of REALTORS®, Texas Association of REALTORS®, National Association of REALTORS®, San Antonio Board of REALTORS® and a TREPAC Contributor. *Love REFERRALS and love to REFER... *WHO IN YOUR CIRCLE OF FRIENDS IS THE MOST LIKELY TO MAKE A MOVE NEXT? *Whether you are moving to, from or within San Antonio, surrounding areas or anywhere in the United States, I am here to assist you. www.trudypape.com Coldwell Banker, D'Ann Harper, REALTORS® 7523 North Loop 1604 West San Antonio, TX, 78249 Texas Licensed REALTOR® #0207820 Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. http://www.trec.state.tx.us/pdf/contracts/op-k.pdf
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