A Biweekly Mortgage Payment Calculator will make you think twice about how you pay your mortgage.

If you own a home and are currently paying off a mortgage, there are a few shocking facts that you should be aware of.

In the first place, by the time you've paid your mortgage off you will have paid roughly 3 times the amount of the loan itself. Furthermore, assuming you had a 30 year mortgage it will take a full 23 years to pay only half of your loan! An appalling reality to say the least!

Now that raises the question - is there a way to rectify the matter? Some people look to refinancing to resolve the matter.

But although refinancing might mean a lower interest rate the fact remains that you'll still have to pay interest that far exceeds the amount of the loan. And in addition you'll be burdened with closing costs and the inevitable paperwork. But there's a better alternative.

A biweekly mortgage payment plan will cut your interest paid in terms of not only hundreds or thousands - but TENS of thousands - of dollars!

The actual amount you will save is dependent on your remaining balance, term, and the current interest rate on your loan. But a biweekly mortgage payment calculator will instantly reveal the figures as well as a amortization table that contrasts your existing method of payment to a biweekly plan.

In case you've never heard of "biweekly mortgage payments", a bi weekly payment plan doesn't require changing lenders nor does it change how much you pay per month. To stat it in simple terms, it's just an alternative WAY to make payments on your mortgage loan.

Instead of paying once a month, you cut the payment amount in half and pay every two weeks.

Just by using a biweekly mortgage payment calculator you'll come to realize the enormous advantage of this method, concerning the amount of interest paid and the number of years it will take to repay your loan.

Another import issue is convenience!

Instead of having to watch your budget and come up with one big payment on a monthly basis, you will pay every two weeks but make only 1/2 a payment. And because most people get a paycheck every 1 - 2 weeks, the payment schedule can be set up to coincide with payday, making it easier to budget your finances.

If you want to know just how much YOU can save by going to a biweekly payment plan, you can find out in just a few seconds.

Locate a Biweekly Mortgage Payment Calculator and get your answer instantly!