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How To Save Thousands On Mortgage

Bi-Weekly Mortgage

If you would like to pay off your mortgage about 10 years early on a 30 year mortgage and save literally thousands in the process...legally, would you be interested? Well you can, and you can do this by only paying one extra mortgage payment per year. It is called a bi-weekly mortgage.

Although there are many companies that charge a fee to do this, you do not have to pay anyone anything to make this happen. It is very simple just take your mortgage payment and divided it by 12 and add that much to your regular payment to go directly on your principle.

For example if your payment was 1200/month divide it by 12 which is 100 and when you make your payment, pay $1300. This will save you thousands and will pay off your mortgage about 10 years early.

If you search for "bi-weekly mortgage" with an Internet search engine, you will be overwhelmed by the number of companies offering "Bi-weekly Mortgage Reduction Services" or "Bi-weekly Savings Programs." Beware, you are entering dangerous waters.

 It is a great way to get out of debt without a lot of effort.

For more great real estate tips visit our website at www.FTXR.net

Sam Orlando

Broker Owner, First Texas Realty