Scheduled Transactions Question

[Jean-David Beyer]

JWatYahooGroups wrote:
> Mybe I'm being naive, but could you just schedule a separate $1 
> fixed-amount transaction for the same payment cycle as the mortgage? or 
> *must* it be one of the splits for some reason?
> JW
> 
... or could you just refinance with a bank that did not do this.

When I had a mortgage, they even gave me a slight reduction if I paid
automatically. Similarly, my credit union eliminates the monthly fee if
I have monthly payments made into it electronically, so I put my social
security in that way.

Your bank is so greedy to charge you a fee to make a mortgage payment.
Tell them you will re-finance if they do not wave the fee. (Better check
that your house is not under water and that you could refinance before
you make this threat.)

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