http://www.bluntmoney.com/paying-the-mortgage-biweekly/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bluntmoney.com/paying-the-mortgage-biweekly/comment-page-1/#comment-47681 Steve Sat, 17 Jan 2009 15:15:04 +0000 http://www.bluntmoney.com/paying-the-mortgage-biweekly/#comment-47681 I have discovered that the paying down your loan can result in being cash poor when a need or emergency arises. There is another way to do the same thing and not leave you cash poor. Use the same money you would use to pay down the loan and put it in high yielding cds, etc. Then you are not cash poor yet if you want to pay down the loan you can at any time. I have discovered that the paying down your loan can result in being cash poor when a need or emergency arises. There is another way to do the same thing and not leave you cash poor. Use the same money you would use to pay down the loan and put it in high yielding cds, etc. Then you are not cash poor yet if you want to pay down the loan you can at any time.

]]> http://www.bluntmoney.com/paying-the-mortgage-biweekly/comment-page-1/#comment-47605 Justin Fri, 16 Jan 2009 18:37:42 +0000 http://www.bluntmoney.com/paying-the-mortgage-biweekly/#comment-47605 Paying 26 payments instead of 12 montly payments will allow the banks to get 13 interest paymetns out of you per year. Not only are they charging you fee's for this service, they are collecting more interest from you. It is best to handle this one yourself and just send in one additional principal payment per year. You can save the money in a high interest savings account and pay yourself twice. Just send the additional money with your December payment and specify the amount as principal only on the bill. Paying 26 payments instead of 12 montly payments will allow the banks to get 13 interest paymetns out of you per year. Not only are they charging you fee’s for this service, they are collecting more interest from you. It is best to handle this one yourself and just send in one additional principal payment per year. You can save the money in a high interest savings account and pay yourself twice. Just send the additional money with your December payment and specify the amount as principal only on the bill.

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