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re: Trying to make twice a month mortgage payments

Posted on 3/12/16 at 9:49 am to
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 3/12/16 at 9:49 am to
I think you would have to pay ahead one month before they would allow you to make 1/2 payments. If you're due March 30, they're not going to accept 1/2 on the 15th and 1/2 on the 30th.

In my experience.
I don't believe that process would speed your interest pay-down anyway.
Posted by Stingray
Shreveport
Member since Sep 2007
12421 posts
Posted on 3/12/16 at 12:25 pm to
quote:

I think you would have to pay ahead one month before they would allow you to make 1/2 payments. If you're due March 30, they're not going to accept 1/2 on the 15th and 1/2 on the 30th. 

In my experience. 
I don't believe that process would speed your interest pay-down anyway.


Thanks for the response.

Can you explain why it wouldn't help pay down more of the interest over time? I have read some things saying it would help.
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