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Updated over 1 year ago on . Most recent reply

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Laurent Fontaine
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Mortgages payment strategies

Laurent Fontaine
Posted

Thank you in advance..... Should I set up my mortgage payments (divided in 4) and paid weekly for all my properties to save on interest in the long run.

  • Laurent Fontaine
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    Randy Rodenhouse
    • Investor
    • Charleston, SC
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    Randy Rodenhouse
    • Investor
    • Charleston, SC
    Replied

    I would probably do either biweekly payments or just an additional payment per month which goes towards principal.  You can do the math to see how many years it will reduce the mortgage.  However, if you can take that money and put it to work making another stream of income then that might be a better idea than just saving some interest. It depends on your current interest rate.

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