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Save thousands - Mortgage savings tip

Recommended by : Bosko
Save thousands - Mortgage savings tip

Save thousands by paying your mortgage payments weekly or fortnightly. Simply by making your mortgage payments weekly you can reduce the payment term from 30 years down to 22 years. Thats 8 years faster and tens of thousands of dollars that you keep in your pocket. Is that possible? Because your mortgage interest is probably calculated daily like the rest of us, each time you make a payment you're paying less interest. So the more frequently you make your payments the more money you save the less interest you pay.

Rating : 10
Last Update : 2009-09-30 05:53:22



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Date added: 2009-02-11 00:23:02   
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