Biweekly Mortgage : Discover Columbus

Discover Columbus

Oct. 22, 2007

Biweekly Mortgage

A mortgage set up for biweekly mortgage payments pays down principle on the mortgage quicker.

In his Real Estate Notebook column in This Week Community Newspapers last week Bill Evans wrote about "A biweekly mortgage payment plan"

"A biweekly mortgage payment plan means that half of the scheduled monthly payments are made every two weeks, which means that you make 26 payments per year -- one extra payment per year. "

Evans makes the point that setting your mortgage up for bimonthly payments is not refinancing.

This Week Community Newspapers are published for many Central Ohio communities including Clintonville, Dublin, Gahanna, Grandview Heights, Hilliard, New Albany, Northland, Olentangy, Upper Arlington, Westerville amd Worthington and are published weekly. Evans, the president of Real Living HER writes a weekly column in the papers.

Mortgages / finance are the thing I hate blogging about more than anything else. I did recently write these two posts myself with info I learned in a class taught by Real Living Mortgage Branch Manager Susan McKnight.

Home Seller FHA Finance Quiz

Home Buyer FHA Finance Quiz

FHA is government insured financing.

Comments (2) :: Post A Comment! :: Permanent Link
View more entries tagged with: Finance, Biweekly Mortgage, Mortgage, Conventional Financing, Fha Financing

Oct. 22, 2007 - RE: Biweekly Mortgage

Posted by Sandy Mattingly

welcome back!

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Oct. 23, 2007 - RE: Biweekly Mortgage

Posted by Maureen McCabe

Thanks I hate this blog but it is getting traffic.

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Discover Columbus is a site about Columbus Ohio. Originally named "Columbus Best Blog," it was never the best blog in Columbus Ohio. It was a blog about the best in Columbus and Central Ohio! Best restaurants, best real estate company, best schools, best neighborhoods..... written by Maureen McCabe a licensed real estate agent with Columbus Ohio's best real estate company, Real Living HER. Discover Columbus is just a site about Central Ohio.