Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Pay Back Your Mortgage Faster? Maybe Consider Bi-weekly Payments.
While there are differing schools of thought when it comes to whether or not a person should pay off a mortgage before the loan term ends, there may be some benefits to making payments on a bi-weekly basis as opposed to monthly basis. What are some of the reasons why it may be beneficial to make two payments a month instead of one? Here are three reasons why you should ditch the monthly fees and make payments once every two weeks.
1) You'll Make An Extra Payment Per Year:
If you're looking to pay off your mortgage ahead of schedule, making bi-weekly payments means you'll make an extra payment every year. Instead of making 12 large payments every year, you'll make 26 small payments. These 26 small payments would be equal to about 13 large payments.
This is the equivalent of an extra payment per year and 10 extra payments over 10 years. If you have a 30-year mortgage, you could pay it off between two and three years early because you will make your last payment 30 months ahead of schedule.
2) You'll Provide Yourself With Financial Flexibility:
Making extra payments can provide you with financial flexibility that makes it ... more

__________________________________________________
Are you on The Rain? Grow Your Network!