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Updated almost 8 years ago on . Most recent reply

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Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
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Bi-weekly program to pay house off faster

Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
Posted
What do you guys think about a bi Weekly program for a rental property? And have you guys heard of equity plus?

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Well @Joe Villeneuve has an interesting point of view as he often does. 

I would absolutely not go for a pay every two week mortgage. There will be months were you make three payments but your rent receipts wont go up that  month.  You can always pay early without penalty on most mortgages.

Essentially you are paying of faster by paying more money. Why force yourself into a position of paying more, when paying more is always an option if you are in a position to do it.

  • Ned Carey
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