bi-weekly mortgages

Contact Information

Steve Conklin

Sneffels Realty

Cell: 970-209-4446

Fax: 970-626-3557

Email Us

Visit Our Site

Montrose Daily Press

News from www.montrosepress.com

Crews run into treacherous conditions in Colo fire
BOULDER (AP) - Firefighters encountered a tangle of rattlesnakes, downed power lines and combustible propane tanks Wednesday as they struggled to get an upper hand on a wildfire that has destroyed dozens of homes.
EXTRA Aircraft meeting a bust: No consultant report, no vote
MONTROSE - A consultant’s report on EXTRA Aircraft was to have been presented to the public Wednesday but instead was delayed - much to the surprise of about 100 citizens who took time to attend the special meeting of Montrose County commissioners.

bi-weekly mortgages

What about splitting my mortgage in two and paying bi-weekly?

Some people set on paying off their home loan early and reducing interest charges opt for a biweekly mortgage. Monthly payments are divided in half, payable every two weeks.
Because there are 52 weeks in a year, the program results in 26 half-payments, or the equivalent of 13 monthly payments per year instead of 12. Using the biweekly payment system, a homeowner with a $70,000, 30-year biweekly mortgage at 10 percent interest could save $60,000 in interest and pay off the balance in less than 21 years.

Questions about Montrose, Colorado Real Estate?

Ask us below or Call us Now at 970-209-4446