My DH and I just signed up for bi-weekly mortgage payments, which can take years off mortgage interest payments.
We also do everything online to save the postage!

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Just be careful. Some mortgage companies charge a FEE to pay it this way. I think that is just absurd! We are good at budgeting and just pay it once a month, but put what we would have saved into an extra payment towards PRINCIPAL! (Another thing you have to watch for!)

Great tip! Just didn't want anybody to be surprised.

Great tip! We pay an extra $ 100 a month which budgets out to over 2 extra months payments per year. We figured our 30 yr mortgage went to 18 yr that way.

Thanks for pointing that out ... i"ll be double checking the fine print tomorrow!

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My mortgage (Citi) has the same program.
They do however, charge a startup fee & a service charge for this.
Instead, add 10% to your mortgage payment every month and it's the same thing - that's what we do.
One full morgage payment a year is all it is.

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You must be the change you want to see in the world ~ Gandhi