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Keyword: mortgagepayment

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  • Is It Worth It to Make Just 1 Extra Payment a Year on Your 30-Year Mortgage?

    08/17/2024 8:13:07 PM PDT · by where's_the_Outrage? · 47 replies
    The Motley Fool ^ | Aug 3, 2024 | Danielle Antosz
    If you own a home, you've probably heard the age-old advice to pay more on your mortgage so you can pay it off faster. But what happens when you don't have thousands extra to throw at your mortgage each month? There's a really simple way to pay a little extra -- by making mortgage payments every two weeks. Don't worry, you're not doubling your costs! Instead, you pay half your mortgage payment each time. It's a great strategy for sticking to a budget since many jobs pay every two weeks. And, because there are 52 weeks in a year, you'll...