tag:blogger.com,1999:blog-6289477140035004706.post5324939582439206800..comments2009-03-15T04:32:27.570-05:00bObnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6289477140035004706.post-74292747560509546932009-03-15T04:32:00.000-05:002009-03-15T04:32:00.000-05:00we just signed up for biweekly and we add extra principal with it. When we bought our house we budgeted for this and hopefully will pay our house off 12 years earlier! We did get charged $300 for a startup fee for it though :(Jackiehttp://www.blogger.com/profile/15622355422953566392noreply@blogger.comtag:blogger.com,1999:blog-6289477140035004706.post-77642135573987463322009-03-14T21:04:00.000-05:002009-03-14T21:04:00.000-05:00I get paid monthly rather than weekly or biweekly, so it works better for me to just apply extra to the principal with every payment.Debbiehttp://www.blogger.com/profile/16808239793493469248noreply@blogger.comtag:blogger.com,1999:blog-6289477140035004706.post-1180125832517890342009-03-03T15:10:00.000-06:002009-03-03T15:10:00.000-06:00The argument against paying off your mortgage early is that the tax break + the investment potential of the extra money can be more then the savings. While that may be true, there is no way one can be assured of that return. When you pay off a debt, no matter what, you are assured of "making" whatever percent interest you are paying. <BR/><BR/>When I paid off my mortgage early, it was one of the most freeing things I have ever done. It was the last step in our journey to become debt free.rcvjrhttp://www.blogger.com/profile/09807834085003293410noreply@blogger.comtag:blogger.com,1999:blog-6289477140035004706.post-59799608410338107852009-03-03T06:30:00.000-06:002009-03-03T06:30:00.000-06:00The lady I spoke with didn't say there was any extra charge, and there wasn't anything about it in the fine print, so hopefully I'm safe. Although I have heard of some companies doing that, and I'll be writing about that in my next post. Thanks for the comments.Travishttp://www.blogger.com/profile/07681984284523291782noreply@blogger.comtag:blogger.com,1999:blog-6289477140035004706.post-1839291795731674102009-03-02T07:58:00.000-06:002009-03-02T07:58:00.000-06:00My husband and I looked into doing this through our mortgage company but decided against it. They wanted to charge us about $700 just to setup bi-weekly payments instead of monthly. We decided we'd rather just do it ourselves and save the $700, putting that toward the principle instead. We're not ready to start doing this yet since we're doing Dave Ramsey's baby steps and we're not on that one yet. When the time comes though we'll just do it ourselves and put that money towards the principle.Amatahttp://www.blogger.com/profile/06889139270471334116noreply@blogger.comtag:blogger.com,1999:blog-6289477140035004706.post-82032727479425236102009-03-02T06:12:00.000-06:002009-03-02T06:12:00.000-06:00I've never done this but have always wanted to pay down my mortgage early. Looking forward to your next post!Christinahttp://www.blogger.com/profile/00501054748046907596noreply@blogger.com