cfundingmortgage.com » homebuyers http://cfundingmortgage.com Fri, 30 Apr 2010 21:00:42 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Speed up your mortgage? Consider the alternatives http://cfundingmortgage.com/2009/12/16/speed-up-your-mortgage-consider-the-alternatives/ http://cfundingmortgage.com/2009/12/16/speed-up-your-mortgage-consider-the-alternatives/#comments Wed, 16 Dec 2009 17:18:46 +0000 Steve http://cfundingmortgage.com/?p=728 Here’s a great article posted on philly.com earlier this week.

By Mark Jewell
AP Personal Finance Writer

BOSTON (AP) – “You have nothing to lose and so much to gain – $103,162!”

Like most recent homebuyers getting such pitches, I haven’t been enticed to pay my mortgage down faster. The gist is that by switching from monthly to biweekly payments, I can save a bundle from cutting out years of interest payments.

Still, I’m having a hard time forgetting the offer that landed in my mailbox a couple months ago. After all, the projected savings could help put my two toddlers through college someday. And my family is staring at 29 years of payments on a two-family home in a pricey market.

Read the complete article here: Speed up your mortgage? Consider the alternatives

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