If you’ve done any research into home ownership, then you’ve undoubtedly run across the various ways that making your mortgage payment differently can impact your lifetime cost (in terms of interest), and how long it takes to pay down your mortgage. Typical schemes include making one extra payment per year, or dividing your payment in half and paying the same amount each month, but in two installments. Fox News explores the impact of taking it one step farther, and making weekly payments.
Theresa Springer’s Blog
How Often Should You Make Your Mortgage Payment?
August 31, 2015