Bi weekly mortgages….is it a good option for you?

http://blog.homes.com/2012/04/bi-weekly-mortgage/

Homes.com offers advice on whether making a bi-weekly mortgage payment will be a good fit for your mortgage payments.  Basically, it means making 13 payments in a single year instead of just 12.  Will it save you money?  That depends on how long you’ll be in the property and if your cash flow allows for the additional payment.

I don’t do mortgages, but Steve Smither does.  Steve is a senior loan officer for a great company called Midwest Equity.  If you’ve got questions on a refi or new home loan, contact ssmither@ardain.com 847-942-5151.

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