Not many homeowners know there is a way to cut your mortgage by up to five years. You could retire earlier or maybe have years of driving a better car or taking nice holidays. Would you take advantage of this?
It is possible to do this by just paying your mortgage by-weekly. The math is not hard to figure out because all you do is divide you mortgage in half and pay that amount every two weeks instead of all at once at the end of the month. By doing this you could lower you interest paid by up to 23% by paying in this way.
To find help for this just go online and use one of the many mortgage calculators tools. The calculator will show you just how much interest you can save. At the end of one year you would have made thirteen payments instead of just twelve. The choice is yours, if you do nothing, you will save nothing. This is the only way to save a horrendous amount of interest that you would have if you paid as you are now. Your payments will be lessened and it will be the bank that will loose.