RE: LeoThread 2025-04-09 13:31

Part 5/8:

For those who may find it hard to commit to monthly payments, consider making overpayments on a quarterly basis. This approach strikes a balance between flexibility and commitment. By paying £300 every quarter, for example, you can still see the benefits of interest savings and pay off your mortgage earlier without the stress of regular monthly increases.

Step 4: Bi-Weekly Payments

Making bi-weekly payments rather than traditional monthly payments provides the opportunity to make an additional mortgage payment each year. By paying half your mortgage due every two weeks, you effectively make 13 payments rather than 12. This additional payment can significantly reduce your mortgage term, leading to both interest savings and financial relief.