LurdMcTurdIII
LurdMcTurdIII t1_j6ojszg wrote
Reply to comment by Werewolfdad in Does making half of a mortgage payment every 2 weeks pay off the mortgage years sooner than making a full payment every month? by throwinggushers
It's not just an additional payment, it all goes toward principle. Your normal mortgage payment is predominantly interest, especially early on.
LurdMcTurdIII t1_j6ol5yh wrote
Reply to comment by BaronCapdeville in Does making half of a mortgage payment every 2 weeks pay off the mortgage years sooner than making a full payment every month? by throwinggushers
You're right, I do have to specify.