There has been much debate recently to the advantages and disadvantages of paying a bi-monthly mortgage.
Most Americans pay their mortgage once per month whether they have a traditional mortgage or maybe a veteran mortgage. There are many reasons for this:
- Traditionally, mortgages are paid monthly, and
- Paying a monthly mortgage works well for most people’s pay schedule.
There are several things to note if you are considering moving your mortgage payments to a bi-monthly plan. A bi-monthly plan simply means that instead of paying your mortgage at the beginning of every month, you will pay half of your mortgage every two weeks. Continue Article...