Re: Bi-weekly mortgage question
I believe that the concept here is to put the extra money that would be 2 extra mortgage payments per year toward your CC debt instead of your mortgage. Referring to the example in the original email, you would take that extra $50 and place it on your CC debt.
So, instead of changing your mortgage payment schedule, divide the amount of your current mortgage payment by 12 and use that number as the amount of extra cash you should pay toward your CC debt monthly. Does that help?
|