http://www.firsthomeinfo.ca Understanding mortgage payments with pure gold. Simply using an accelerated bi-weekly payment will change your world.
http://www.firsthomeinfo.ca Understanding mortgage payments with pure gold. Simply using an accelerated bi-weekly payment will change your world.
Tags: Video
4 responses so far ↓
1 Usenet Trial // Jul 29, 2009 at 2:02 pm
Great idea, but will this work over the long run?
2 admin // Jul 29, 2009 at 3:19 pm
Certainly, it will shave about 7 years off a 35 year amortization.
3 Concerned for consumers // Jul 29, 2009 at 7:45 pm
Your mortgage broker should be paying attention to what he’s doing, in this case driving would be best. An accelerated bi-weekly payment does not equal the same at the end of the month as a monthly payment otherwise it would be no different. Any chance you have to increase your payment amount and frequency will decrease your total interest paid and amortization period.
Dealing with the largest leveraged loan you will probably ever have should be handled by a professional. Please due your due diligence when seeking a mortgage professional.
4 admin // Jul 29, 2009 at 9:37 pm
Please listen to the video again, I think you are misunderstanding what I said. A monthly, “semi-monthly”, bi-weekly, weekly payment works out to the same at the end of the day “unless” it is an accelerated bi-weekly or accelerated weekly payment.
I totally concur with your comment on researching your mortgage professional prior to proceeding. I also agree that I probably should focus more on driving.
Bye for now.
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