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The coolest hack I’ve found so far ( for those who have a mortgage)

Iloveto Cook
5 years ago

I‘ve been paying a little extra on my mortgage every month to hopefully pay it off a few years early, but I’m not able to pay too much extra. I’d love to be able to plop down three or four hundred a month extra on the house, but it’s just not possible right now. Today I got a phone call from a broker with my mortgage company, and he gave me a tip that I can’t beli I hadn’t thought of! He said if I simply change my auto-draft from monthly to every other week, I will be making a full extra mortgage payment every year that will go straight to principal WITHOUT ME EVEN FEELING IT! Omg why didn’t anyone ever tell me this? I’m so excited! Seriously! I went to my mortgage app and tried to do it there but for some reason it wasn’t an option, so I had to call the customer service. But the rep was able to set up my bi-monthly auto draft in like 5 minutes. Simple. I hope this idea can help someone else save money! I just can’t believe it was that easy!

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