Discussion Starter · #1 ·
A couple of my co workers have been bragging about how they have set up their mortgage company to take half a payment every 2 weeks. They are saying that the end up with an extra payment every year so it is paid off faster. Now call me crazy but wouldnt it be a wiser decision to take the money from the extra payment and pay it straight towards the principal or would it automatically go to the principal? Now I personally think the money could be used better to pay off credit cards and other debt before I would add it to my mortgage which I know they both have plenty of but I guess its not my money, huh?