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the 'make a mortgage payment every 28 days' trick

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    Friend of mine that's smart with money told me a 'trick' that I thought was worth sharing here for everyone that has a mortgage and the means - make a mortgage payment every 28 days.

    If you think about it, that's actually more than just paying your mortgage every month as 365 days / 28 days = 13 payments.

    That means you would be paying one extra payment every year which can save you tons in the long run. I think he said something like paying off his 20 year mortgage 5 years faster, or something like that. Anyways I thought this was clever enough to be actually doable more many without breaking the bank and a way to save a lot of money in the long run.

  • Are you sure you want to delete this post?
    This is a great tip. Every little bit helps when you're paying off your mortgage. These little moves here and there or paying a little more than what's required can go a long way in the long run.