Biweekly Mortgage Payment Secret

Every once in a while, you will see or hear an advertisement about saving thousands on your mortgage through a unique scheme. This is known as the biweekly mortgage payment secret. The good news is it really works. The bad news is there is no real trick to it. It is simply a matter of time. There are 12 months in the year. This equates to 48 weeks. As we all know, there are actually 52 weeks in a year. If you make a mortgage payment every two weeks, you end up actually making an extra monthly payment each year, to wit, 13 instead of 12. This extra payment reduces your debt and saves you thousands in interest over the life of the loan. Yes, even just this one payment. Follow this strategy for the life of your loan and you can save 25 percent or more.