If you are paying every two weeks you will make an additional monthly payment each year (26 bi-weekly payments vs. Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the [...] Or they may only apply part of your payment to the principal and take the rest as a “service charge.”- Make sure when you make an additional payment that you send a check separate from your monthly mortgage payment with instructions that the amount is to be applied toward the principal of your funding. Save Thousands On Your Mortgage Of course!
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