Comments on: Episode 79 – Accelerated bi-weekly payment http://www.firsthomeinfo.ca/first-time-buyer/2009/02/episode-79-accelerated-bi-weekly-payment/ Sat, 14 Aug 2010 22:59:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: admin http://www.firsthomeinfo.ca/first-time-buyer/2009/02/episode-79-accelerated-bi-weekly-payment/comment-page-1/#comment-832 admin Thu, 30 Jul 2009 04:37:48 +0000 http://www.firsthomeinfo.ca/?p=702#comment-832 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. 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.

]]> By: Concerned for consumers http://www.firsthomeinfo.ca/first-time-buyer/2009/02/episode-79-accelerated-bi-weekly-payment/comment-page-1/#comment-829 Concerned for consumers Thu, 30 Jul 2009 02:45:07 +0000 http://www.firsthomeinfo.ca/?p=702#comment-829 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. 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.

]]> By: admin http://www.firsthomeinfo.ca/first-time-buyer/2009/02/episode-79-accelerated-bi-weekly-payment/comment-page-1/#comment-827 admin Wed, 29 Jul 2009 22:19:11 +0000 http://www.firsthomeinfo.ca/?p=702#comment-827 Certainly, it will shave about 7 years off a 35 year amortization. Certainly, it will shave about 7 years off a 35 year amortization.

]]> By: Usenet Trial http://www.firsthomeinfo.ca/first-time-buyer/2009/02/episode-79-accelerated-bi-weekly-payment/comment-page-1/#comment-824 Usenet Trial Wed, 29 Jul 2009 21:02:56 +0000 http://www.firsthomeinfo.ca/?p=702#comment-824 Great idea, but will this work over the long run? Great idea, but will this work over the long run?

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