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July, 2008
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07/03/08
Payoff mortgage early plans
do these really work and whats the best way to do it
Posted : 6:07 AM Last Updated : 07/03/08 6:54 AM
By : Greg Benson
I will be looking into some pay your mortgage off early plans and trying to find the best way to get out of debt.
There are several ways to pay your mortgage off early, but some of them just seem to be a way for others to make money off of you. Don't fall for a scheme that requires a member ship fee, or takes money out automatically. One of the most common ways to pay off your mortgage early is to do the bi-weekly plan through your mortgage company. ok so I looked at doing a biweekly plan to pay off my mortgage early, and they wanted me to pay a couple hundered dollars$$ to start. Why would I do that? The basic rule to paying off your mortgage early is just pay extra principal. I will look into more details on the biweekly plan, but try to stay away from this. Doing a plan on your own terms and just paying more principal gives you alot more flexibility
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