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Bi-Weekly Mortgage Bi-Weekly Mortgage

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A mortgage which requires a payment for half the monthly amount every two weeks. As a result the loan amortizes much faster than a loan with normal monthly payments. For example, a 30 year fixed rate loan will be paid off in approximately 19 years.

 


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KB » Index of Financial Terms

KB » Mortgages


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Bi-Weekly Mortgage Article Information

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Created:
Sunday, 06 March 2011
Author:
Administrator
Last Modified:
Sunday, 06 March 2011
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