Comments on: Early Mortgage Payment Plan http://rjcarpenter.com/2005/12/06/early-mortgage-payment-plan/ ... when 140 characters just isn't enough Mon, 24 Oct 2011 13:51:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andy http://rjcarpenter.com/2005/12/06/early-mortgage-payment-plan/comment-page-1/#comment-424 Andy Wed, 07 Dec 2005 03:23:57 +0000 http://rjcarpenter.com/2005/12/06/early-mortgage-payment-plan/#comment-424 This works because there are 12 months a year,yet every 2 weeks = 52/2=26 payments, divide by 2 =13 payments. Therefore by paying every 2 weeks you get an extra "month" You should find that you don't need to pay any enrollment fee to a third party company and just pay your mortgage yourself every two weeks, make the extra payments and reduce the interest owed. Check with your mortgage company that there are no early repayment fees (there shouldn't be) If you need more informatin then let me know as I have a printout from church on this. This works because there are 12 months a year,yet every 2 weeks = 52/2=26 payments, divide by 2 =13 payments. Therefore by paying every 2 weeks you get an extra “month”

You should find that you don’t need to pay any enrollment fee to a third party company and just pay your mortgage yourself every two weeks, make the extra payments and reduce the interest owed. Check with your mortgage company that there are no early repayment fees (there shouldn’t be)
If you need more informatin then let me know as I have a printout from church on this.

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