Twice-Monthly Half Mortgage Payments Might Save You Money
http://lifehacker.com/5489508/twice+monthly-half-mortgage-payments-might-save...
Some financial planners advise making two half payments on your mortgage each month instead of one full sum. The idea is that homeowners will save thousands of dollars over the years in interest payments.Original post: http://www.thesimpledollar.com/2010/03/09/mortgage-half-payments-how-much-do-they-save/
However, a superior method of doing this would be to simply make a payment equal to half of the amount of the monthly mortgage bill every two weeks. Over the course of a year, this adds up to one extra full payment: since there are fifty two weeks in a year, you’d make 26 half payments, and thus 13 full payments.