Q.) Why would I choose Bi-weekly or weekly mortgage payments?
A.) Mostmortgages have the option to allow payments to be made on a weekly or bi-weeklybasis. This option may be desirable for two reasons. The first is it can saveyou money as you can expect to pay off your mortgage about 4 years sooner. Thiscan save you dramatically over the life of your mortgage. The other reason whythese options are so popular is that if your employer pays you on a weekly orbi-weekly basis, you can simplify your budgeting by making the payment line upwith the way you paid.
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