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Personal Finances / Buying or Selling a Home


Subject:  Re: Bi-Monthly Mortgage Payments. Good ? Date:  12/8/1999  3:34 PM
Author:  ccmmcc99 Number:  7366 of 128075

The mortgage company has a deal running where they will set you up on automatic drafts directly from checking, twice
per month. They advertise the mortgage will then get paid off in 22-23 years, rather than the standard 30. (I'm 1.5 years
into the mortgage, and usually pay a little extra principal each month, anyway.) This deal would s