Payoff your mortgage faster with accelerated bi-weekly payments
YES! Yes, accelerated bi-weekly payments defiantly help.
The theory is simple, take your monthly mortgage payment, divide it by two and make that payment every two weeks. You will make a total of 26 payments per year. This results in making one extra mortgage payment per year, paying off your mortgage faster! With an accelerated bi-weekly payment schedule, you pay more down directly towards principle.