Just adding my 2 cents here... I'll caveat up front that I'm a MAJOR Dave Ramsey fan!
Dave says don't pay for any of these set ups (either the one with the $3,500 SW or the bi-weekly payment plans) because as some here have stated, it costs NOTHING to simply pay additional on the principal.
You can accomplish the equivalent to the bi-weekly pay plan by simply paying 1 additional payment a year, or 1/12th extra each time you make your monthly payment with the overage ear-tagged to principal. We do this ourselves without any fees whatsoever. The other benefit to this is if we had an emergency and needed to scale back, we are not obligated to anything more than our regular mortgage payment.
Just some thoughts.
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