florisandy
Well-known member
that said as an example:
If you have a 30 year mortgage and pay half of your mortgage every other week, you can pay off your house in 15 years. Her point was that the APR starts all over again when you pay twice monthly. She said that the mortgage companies cannot stop you from doing this.
She also said that this type of payment plan can be applied to auto loans, credit cards, etc. and that a lot of people don't know about this.
She took me off of her call list. As I said, it was a stray call.
I haven't done any more research but it sure sounds feasible!
If you have a 30 year mortgage and pay half of your mortgage every other week, you can pay off your house in 15 years. Her point was that the APR starts all over again when you pay twice monthly. She said that the mortgage companies cannot stop you from doing this.
She also said that this type of payment plan can be applied to auto loans, credit cards, etc. and that a lot of people don't know about this.
She took me off of her call list. As I said, it was a stray call.
I haven't done any more research but it sure sounds feasible!