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Question about bi-monthly payments for my mortgage.
Question about bi-monthly payments for my mortgage. I have a 30y mortgage and saw that it’s mathematically feasible (yes, on IG…) that if you pay in bi-monthly installments (50% at a time) that it could cut years off of the loan, by virtue of the payment being conducted 15 days prior to the due date … and those days add up to reduce the overall interest owed. I reached out to the lender and they...
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