Biweekly Mortgages Discussed on CBS News
Biweekly Mortgages Get a “Thumb-Ups” On This Major Morning Show
Best selling author David Bach gives his insight into why he thinks using biweekly mortgages is really a “no-brainer”. More Americans own homes today than nearly any other time in history, but this video discusses that there is a better way to repay your home loan (with biweekly mortgages).
“Real Estate Remains One of The Easiest Ways to Wealth” Biweekly Mortgages Make it Better!
He even deems biweekly mortgages the “Automatic Millionaire Mortgage Approach” – that really says is all. He urges homeowners across America to stop paying their mortgage like they are now and look into biweekly mortgages because the will (sometimes hundreds of) thousands of dollars over the life of your loan.
Restating well known facts like biweekly mortgages will payoff your loan in 23 years he brings a lot of excitement and enthusiasm to these argument for biweekly mortgages.
Start with biweekly mortgages today!
Based on a $300,000 mortgage your normal monthly payment would be around $1995.00, and over the next 30 years you would repay over $418,000 in interest payments alone!
Biweekly mortgages reduce the amount of interest repaid to $311,876 … a savings of over $105,000. That is more than most Americans have in savings! Biweekly mortgages should be started by every American today, that’s why we believe they are the key to “Reclaiming Your American Dream of True Home ownership!”
David Bach agrees that the small amount to enroll in one of these program is minimal by comparison to the huge amount of savings that you will receive, he even goes on to state (as we already know) that most people will not do biweekly mortgages consistently enough on their own to get the desired result.
“Less than 3% of Americans pre-pay their mortgages”
Biweekly mortgages help ensure you can retire early. Clearly he believe that you should NOT do this own your own the only fallacy portrayed in this video is that you should call you lender to setup your biweekly mortgage plan- before you do make sure you read this article:
A Biweekly Mortgage Program Through Your Lender May Have Shortcomings
Most people that complete paying off their mortgage early retire early – it buys you freedom! Paying off you home early with biweekly mortgages creates forced savings, even if you only stay in your home for just a few years.
How much can biweekly mortgages save you?
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