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Does Paying Your Mortgage More Often Actually Save You Money? 🤔

You’ve probably heard that making weekly, biweekly, or semi-monthly payments instead of monthly can help you save on interest. But how much does it really save? 💰🏡

In this video, we break it all down with real numbers:
✅ The difference between monthly, biweekly, and weekly payments.
✅ How much interest you actually save (spoiler: it’s not as much as you think!).
✅ Why accelerated biweekly payments are the real money-saver.

Example:
🏡 $400,000 mortgage at 5% interest (U.S.) over 25 years

Monthly payments → $2,338 per month
Biweekly payments → Save only $729 over 25 years
Weekly payments → Save only $1,121 over 25 years
Accelerated biweekly payments → Save $49,277 AND pay off your mortgage almost 4 years earlier!
📊 We’ve also created easy-to-use tables to estimate your savings based on different mortgage sizes and interest rates—whether you’re in the U.S. or Canada! 🇺🇸🇨🇦

💡 Key Takeaways:
✔️ Regular weekly or biweekly payments don’t save much.
✔️ Accelerated biweekly payments can save you tens of thousands in interest!
✔️ Want to save even more? Stay tuned for our next videos on advanced mortgage strategies.

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