Much more info needed to answer your question.. But in general, Each are viable ways to pay off your mortgage, but you could do both.. it really depends on your scenario.. if you refinance, are you refinancing into a lower rate? Are you eliminating mortgage insurance? How much are the closing costs and what's the Net Tangible Benefit? *(your back period)... In regards to paying bi-weekly, you are essentially making 13 payments a year.. the same benefit can be gained by paying one extra payment per year... But I would encourage you to contact a local mortgage pro.. let them look at your complete loan profile and explain your goals.. With the right info, they can guide you to the right loan product to help pay down the loan. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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