I have been out of touch for awhile. The hubster and I just bought a house and this is our first one, so we are pretty green. Just the process of buying it with all the inspection fees, appraisal, reappraisal, an engineer's report on a small issue that turned out to be nothing, and moving brought our available cash and savings down to almost nothing.
To make paying our mortgage a little easier for us and make sure we don't wind up spending the money on something else, I would like to make the mortgage payment in 2 parts. I get paid every 2 weeks, which is usually 2 times a month. As long as the payments are both there on time and the total amount is paid, do they really care? Our mortgage was sold to Bank of America, if that matters. Does anyone do this? If so, has it worked for you?
Paying Mortgage Twice a Month?