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Do Bi-Weekly mortgage payments only reduce the mortgage time because there is an extra payment?

Aug 08, 2008 by Grant G | Posted in Renting & Real Estate

I thought that the main benefit to Bi-weekly payments was that the was less time for "interest to earn interest" because instead of wait all the way to the end of the month with interest building up, you pay off the charge half way, which prevents

It's mostly the extra payment. A 1st/15th type payment might reduce your total charge very slightly, but the extra monthly payment in a bi-weekly setup makes a much bigger difference.

Incidentally, redwine is wrong, a bi-weekly payment

Quizzard | Aug 08, 2008

Bi-Weekly Mortgage Payment Plan

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Biweekly Mortgage Payments

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bi weekly mortgage payments - Bookshelf


Residential Mortgage Lending, Principles and Practices
596 pages 		Residential Mortgage Lending, Principles and Practices

Creator: Marshall W. Dennis, Thomas J. Pinkowish | Business & Economics - 2011-05-25
A biweekly mortgage is a fixed-rate, level-payment, fully amortizing mortgage that requires the borrower to make payments every two weeks rather than ...
Publisher: South-Western Pub

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(1 diggs) How Bi-Weekly Mortgage Payments Is Making Some People Rich!!
Dec 30, 2009 from yerbif
yerbif Under the current mortgage climate, is it possible for anybody to make money in the mortgage business? The answer is definitely yes. Bi-weekly mortgage payment is making huge income for............