Bi monthly payment company. To do or not.

does anyone have any info on who to call to get more info for a cleint on bi monthly payments plans…….

Tell them to do it themselves (pay 1/12th of their monthly payment extra each month) and it does the same exact thing, i.e. 1 extra payment per year, pays off in 23 years instead of 30 years, yada yada yada….Then they don’t have to pay a sign up fee and transaction fees per auto debit like some scammers try to do, or the lender charges the borrower sometimes .75 pt in a hit to the rate pricing to you to set up (like Bank of America does).  It’s a total joke how this bi-weekly program took off in the first place.  Some people made some nice coin off of other’s lack of knowledge.  And with today’s low rates, why would anyone want to put any extra money on a mortgage in the first place.  Ya, you save on eliminating some interest, but that extra money could have easily made double that in return elsewhere. Heck, a 4th grader can make 12-14% return in any investment.  Come on….THINK!