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re: Trying to make twice a month mortgage payments

Posted on 3/12/16 at 6:41 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35629 posts
Posted on 3/12/16 at 6:41 pm to
You have the make the full payment and then a partial payment. Halving the payment makes a partial payment which your mortgagor has indicated is not acceptable.
Posted by Stingray
Shreveport
Member since Sep 2007
12421 posts
Posted on 3/13/16 at 7:52 am to
If I make a full payment one month before it is due, then start the 1/2 payments immediately after that, so that after 2 (1/2) payments the mortgage will have recent 2 payments, would I be able to continue with the 1/2 payments indefinitely?
Another way to ask is, will the 2 (1/2) payments prior be able to serve as the full payment so I can continue only making half payments?
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