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Should I switch my mortgage to biweekly payments?
Should I switch my mortgage to biweekly payments? Hi! Last year I bought a house at a 5.625% interest rate. While I am not happy with it, it is much better than what they are offering nowadays. My current mortgage is $1,945.55 but I send $200 more to the principal. That works out to 652.87 to the principal, $1347 to interest, and $245.67 to Escrow. Would it be better to send payments biweekly o...
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