Pay Off Your Mortgage Early - Biweekly Mortgage Plan

[wwe107]

My credit report already tells the bank, "Fuck Off." 

[lebleup]

No problem if you like giving a third party money that could be going into the principal. Take out the 3rd party. Simple. Problem resolved.

[lebleup]

When you are using this method, mind you , you will save money as compared to the dry and cut 'make an extra principal payment' towards your mortgage. However, the money sits in a third party's account for about 15 days as they suck out the interest that should be going to your principal. There is a way to far outperform the "bi-weekly" method. Hands down. Knowledge is power.

[cpbendau]

@lebleup So, what's the problem? Of course you can do it on your own, without any help. But will you? Most people don't have the discipline to do it, and an automated program provides that discipline. This video gives only the basics of an automated program, and any decent program will allow you to include any extra principal amount to your total monthly payment in order to pay off your mortgage earlier. As for the interest that collects, that's a cost of doing business with a third party.