Mortgages Quizzes-With a bi-weekly mortgage, you - E-PersonalFinance
    • Answer to Quiz
    College Saving
    With a bi-weekly mortgage, you typically pay off the mortgage faster than with a conventional mortgage.
    Answer: (a), true
    A "bi-weekly mortgage" is a mortgage loan on which interest and principal payments are made every half-month (total of 26 payments in a year) as opposed to monthly payments. This usually results in earlier loan repayment than a typical monthly payment loan.


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