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Mortgage Hack: Bi-weekly Payments For 2025
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NOT FINANCIAL ADVICE.
The bi-weekly mortgage payment is an incredibly simple tool. All you do is tell your loan servicer you want to pay your mortgage every 2 weeks rather than every month and boom! You've potentially saved $10,000s and taken years off your mortgage.
Thanks to the fact that there are 52 weeks in a year you will make 26 half mortgage payments in a calendar year which is the same as 13 full mortgage payments. That extra mortgage payment gets applied fully as principal meaning you're paying less interest over the life of your loan and taking years off your overall loan.
So if you've been wondering how to pay off your mortgage early this might help.
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📲 If you are moving to, within or out of Spokane, I can make that process so much easier on you. Reach out to me today, give me a call, shoot me a text, send me an email and I'd be honored to work with you.
Phil Wells - Licensed Real Estate Broker In Spokane, Washington No.130345
📲 Call/Text Direct: 509-992-9332
🚨 Follow me on Instagram: @philwellsrealestate
🚨 Follow me on Facebook: @philwellsrealestate
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
About Spokane Washington:
Disclaimer:
Phil Wells is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. I have taken reasonable steps to check that the information in this video is accurate but I cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
#spokanerealestate #mortgagehacks #coeurdalenerealestate
The bi-weekly mortgage payment is an incredibly simple tool. All you do is tell your loan servicer you want to pay your mortgage every 2 weeks rather than every month and boom! You've potentially saved $10,000s and taken years off your mortgage.
Thanks to the fact that there are 52 weeks in a year you will make 26 half mortgage payments in a calendar year which is the same as 13 full mortgage payments. That extra mortgage payment gets applied fully as principal meaning you're paying less interest over the life of your loan and taking years off your overall loan.
So if you've been wondering how to pay off your mortgage early this might help.
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
📲 If you are moving to, within or out of Spokane, I can make that process so much easier on you. Reach out to me today, give me a call, shoot me a text, send me an email and I'd be honored to work with you.
Phil Wells - Licensed Real Estate Broker In Spokane, Washington No.130345
📲 Call/Text Direct: 509-992-9332
🚨 Follow me on Instagram: @philwellsrealestate
🚨 Follow me on Facebook: @philwellsrealestate
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
About Spokane Washington:
Disclaimer:
Phil Wells is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. I have taken reasonable steps to check that the information in this video is accurate but I cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
#spokanerealestate #mortgagehacks #coeurdalenerealestate
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