Shaving Years Off your Mortgage with Biweekly AutoPay

Everyone knows that a mortgage is a long-standing commitment. But if you're looking to shave years off your loan, setting up biweekly AutoPay for your monthly payments might be a good decision. With biweekly AutoPay, you'll be making two, half payments every two weeks. For example, if your monthly payment is $100, you'd be paying $50 every two weeks. You also get to choose the day of the week that best fits your schedule and budget.

So how are you shaving off time? Based on a typical calendar year, there are usually two months where you'll make three half payments instead of two. At the end of the year, you'll have paid an extra monthly payment, which contributes directly to your principal amount. An extra mortgage payment not only helps you chip away at your loan faster, but also helps you pay less interest. If you’re looking to find a budget-friendly way to pay down your mortgage quicker, you can take advantage of biweekly AutoPay by signing into your account at myloan.servicedbycarrington.com! Other AutoPay options are also available.