Posts tagged as:

biweekly mortgage

July 30, 2008

It is true that a biweekly mortgage pays a lot better than a conventional one?

It a sort of is. The main distinction between the two is the number of period payments made within each mortgage year. You may have a conventional mortgage with a period payment due twice a month, which is very close to, but not exactly every other week. With a conventional mortgage you make 12 (months)* [...]

March 14, 2008

Biweekly Mortgages

A Biweekly Mortgage, unlike its name may suggest, is not a regular mortgage with a payment period of two weeks. In most cases, a product offered to you as a Biweekly Mortgage is, in fact, a Biweekly Accelerated Mortgage. Its main advantage is the accelerated repayment mechanism it is based on. A conventional 30 year [...]