I have a better solution! you have a great rate now! the cost to refinance now would be at least a few thousand dollars. instead make extra payments! below is a link to show you how making extra payments will effect your loan and what it will save you .
MAKE SURE WHEN MAKING EXTRA PAYMENTS YOU MAKE THEM WITH SEPARATE CHECKS MARKED ON SUBJECT LINE. .....( APPLY TO PRINCIPLE) this ensures you have a record of the extra payments and that the payments where to go to principle
Ey sup doug
Im not exactly sure what you looking for...
But I found this site below and from the looks of it I think it would be a lot of help...
anyways, gud luck doug
bi weekly realy usually only works out to one extra payment per year. and your mortgage company will usually charge you to set it up. best bet pay extra every month and on your coupon earmark it for principal. go to google and search for amaturization calculator it will show you how fast you will pay off your mortgae if you pay extra use it to help you decide what amount to pay extra.
Here's the type of calculator you are looking for
http://yourmortgage.com.au/calculators/repay_advanced/
Really it depends on the conditions of your loan. If you can increase your monthly payments, do, as this will be your best option, rather than paying extra to change your mortgage settings.
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