Oddbean new post about login | logout @86ee8b2c My mortgage charged interest daily, and I got paid weekly, so it worked out. If you do the math -- just run an excel spreadsheet -- you'll find your sweet spot. If you do a bi weekly payment, you can add an additional $50 to cover the interest charged in the week you don't pay, plus principal payoff
@dabe0ad5 Ah, paid weekly, that makes sense. Every day the money sits in your account and isn’t invested in either stocks, treasuries, or mortgage principal reduction, is a day of opportunity cost … at present interest rates, mortgage principal reduction is the “best” investment though it’s good to keep a cash reserve too