Reported 11 months ago
Making biweekly mortgage payments instead of monthly ones can help you pay off your mortgage faster by providing an extra payment each year. By splitting the monthly payment in half and paying it every two weeks, you can potentially save years on your mortgage term and thousands of dollars in interest. This strategy can also help you free up cash for other investments, build home equity quicker, and save on long-term interest costs. However, it's essential to check with your loan servicer for any additional fees and ensure payments go towards the principal balance.
Source: YAHOO