A BiWeekly Mortgage Calculator shows you How to
A Biweekly Mortgage Calculator will help you find out how to
save thousands of dollars and years on your mortgage!
You could be missing out on one of the best ways to save money on
your home mortgage and reduce the time you pay on your mortgage.
By using a biweekly mortgage calculator you
can quickly determine exactly how much money, and time, you could
potentially shave off your mortgage.
Never heard of the concept of a biweekly
The idea of a biweekly mortgage program has become so popular it
has even been endorsed in many well known and respected financial
magazines and newspapers such as The Wall Street Journal, Money
Magazine and The New York Times!
The Biweekly Mortgage Calculator
The theory behind a biweekly mortgage is amazingly simple. Using
your current monthly mortgage payment, you divide it in half and
then instead of making your regular monthly mortgage payment you
pay the divided amount every two weeks.
In the end you will in essence make one extra payment each year.
That payment is then applied against the principal of your mortgage
and the total interest paid over the life of your mortgage is
By how Much?
On average you can pay off your mortgage loan approximately 7 years
Some other benefits that a biweekly mortgage calculator can
show you are:
- Lower the amount of interest you pay over the life of your
- Get rid of mortgage insurance sooner
- Build equity in your home at a faster rate
mortgage calculator has some more explanations on how your
savings is figured.