Biweekly Mortgage Payments

Making extra principal payments is the key to both biweekly mortgage payments and mortgage cycling, however with mortgage cycling you are able to pay down the principal much much faster and more efficiently. The best part is that you will not need to increase your income or make more money in order to implement mortgage cycling. It is simply a way to use the same system the banks use to your benefit.

Did you know that if you make your payments on a 30 year mortgage for 15 years, you will still owe 90% of the principal? If you sold your house at that point, the bank would get 90% of the original purchase price of the house, plus all of the payments you made for 15 years. The profit the bank makes on a standard 30 year mortgage is astounding. A biweekly mortgage payments system will cut into that somewhat, but mortgage cycling will enable you to save an incredible amount of money and pay your mortgage off in 5 to 10 years.

Most people are overwhelmed by the intricacies of mortgage financing, never truly understanding just how one-sided a typical mortgage is, and lack the confidence and knowledge to do anything about it. Biweekly mortgage payments is something that most people can understand fairly easily, and mortgage cycling, while more sophisticated, can be easily understood as well. Mortgage cycling is a way to turn the tables, and it does not take a Harvard graduate to understand it. It is completely ethical, legal, and not difficult to implement.

You can hire a company to set up and manage a mortgage cycling system for you at some expense, or you can set it up yourself for very little money. Veteran senior mortgage analyst Craig Romero has written an easy to understand downloadable e-book that will educate and enable you to set up your own mortgage cycling system that you can use to cut 20 to 25 years off of your mortgage - without having to live on rice and beans or make extra payments. See for yourself at www.pay-off-your-mortgage.com