Mortgage Bi-weekly payment + up to 20% or Accelerated Bi-weekly
Would it make sense to set mortgage payments to bi-weekly with the option to increase the payment up to 20% additional or go with accelerated bi-weekly. Likely would not be comfortable adding 20% option to accl. bi-weekly payment.
I figure with the bi-weekly payment I have the lower payment to fall back on if needed but will likely be able to increase payment same as accl. bi-weekly payment. Would it have the same affect?