Understanding Mortgage Payments and Their Implications
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Understanding Mortgage Payments and Their Implications
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When you pay $2,500 but only $400 goes toward the actual loan balance
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When you pay $2,500 but only $400 goes toward the actual loan balance
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Bi-weekly pay people, we’re paying $150 a month towards principal on our mortgages in 2026 and this is why! 12 months of $150 in principal payments saves us $11,505.94 & takes off 8 months off the life of our loan. If we keep that up and pay $150 every month the whole loan, we’re saving $87,460.34 & taking off 79 months off our loan. That’s just under 7 years we don’t have to pay out our mortgages anymore!! INSANE! If you’d like my spreadsheet to run your own numbers, it’s the Etsy link in my bi
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Maximizing Mortgage Payments: The Bi-Weekly Strategy
Maximizing Mortgage Payments: The Bi-Weekly Strategy
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