I get paid weekly and typically what I end up doing is using each paycheck to pay down our debt, one paycheck to pay for the mortgage, and then car payments and insurance.
We refinanced a few years back and it's really been a positive financial decision on our part. It seems that we were able to take off 15 years on our mortgage and only add about $200 more per month.
When looking around for different mortgages it is important to really know what you are getting into and equally important to be comfortable with the terms.
One idea that One Account Mortgage has devised is actually treating your home mortgage account as a savings/checking account. The whole idea is to have your paycheck deposited into this account and the balance that remains in the account whether it's applied to the payment of the mortgage or not is use to reduce the finance charge that you accrue.
Another great thing about going through One Account Mortgage is that you can pay more on your mortgage without penalties or even take a break from paying if need be. The website is pretty easy to navigate through and provides tons of information about mortgages in general.
It sounds like a really smart financial move and I've never heard of anything like it. This is something that I think is worthy of more information and might even help you pay off your house faster!
This post sponsored by: One Account Mortgage
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