%CODE3% Save thousands of dollars with this painless method. Bi-Weekly mortgage payments drastically reduce the interest paid and the time to pay off your mortgage! Use this Bi-Weekly mortgage calculator to determine how much you can save in interest and how much sooner you will pay off your mortgage.
Remember we are paying our mortgage every two weeks not every 1/2 month. So… since there are 52 weeks in a year we are actually making 26 “half” payments. Or the equivalent of 13 “whole” payments a year. So rather than making 12 payments in a year you painlessly slide in another payment.
I say painlessly because your payments are actually smaller and more evenly spread out so you don’t notice them as much as the one big monthly mortgage payment. And because they are spread more evenly budgeting actually becomes easier.
Inflation can affect your mortgage planning. Inflation Calculators come is a variety of sizes and shapes for a variety of purposes.