Posted by Jim IL on April 29, 1999 at 23:57:56:
I had a friend who worked with a company touting there “bi-weekly” mortgage plan.
Most people are smart enough to see that they can do this themselves with out paying someone else a fee to simply pay the mortgage off faster.
You are actually paying MORE each month on the balance, because there are 4.3 weeks/month, not 4.
So, paying every 2 weeks, (14 days), pays more toward the balance and not the interest.
If you are interested in REI, do that, not this “bi-weekly” thing.
That will not teach you anything valuable to apply to REI.
Read the articles and posts here and buy a course or two.
Then, go out and make offers and get deals.
It will NOT be easy, but it will make money and teach you at the same time.
Good luck to you,