Pay Your Mortgage Weekly To Save Thousands!
Summary
This video explains how making weekly mortgage payments instead of monthly payments can save you money due to how compounding interest works, and can also help you reduce the total time you spend paying on your mortgage. Paying weekly (monthly payment divided by four) results in making one extra monthly payment per year. By doing this, you can save over $40,000 over the lifetime of the loan and reduce your loan time from 30 years down to 26.
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