Save Thousands On Your Mortgage! Easily

Do you want to save money? Do you own a house? 

If you said yes to both of these, do this simple step with your mortgage payments and you'll save thousands of dollars (maybe even hundreds of thousands!).

Take your monthly payment, split that amount in half, and pay that amount every two weeks instead of the full amount every month.  

Do that and it adds up to paying one extra monthly payment per year, so 13 full payments instead of 12. 

It doesn’t seem like that much spread out over a year, but that extra payment goes entirely toward your principal, adding up to huge savings over your 30-year mortgage, and a faster payoff.

Say you have a million-dollar loan on your house at a 7% interest rate over 30 years. Your monthly payment is about $6653. In that scenario, the interest you’ll pay over the term of the loan is $1,395,000.  If you take that same loan and pay bi-weekly, pay that 13th payment each year, the same loan with that payment schedule you'll be paying $1,050,000 in interest over the life of the loan, saving you around 350k over the life of the loan!  

You won’t even notice the difference from month to month if you pay bi-weekly, but it could add up to hundreds of thousands of dollars in the long term! 

For more details, check out this easy-to-use mortgage calculator where you can adjust the overpayment amount and see how much money you could save!