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One is a repayment strategy called biweekly mortgage payments. With a small additional investment up front and slightly more ...
In an effort to pay off their mortgages faster and pay less in interest over the loan’s lifetime, some homeowners choose to make biweekly payments instead. Why switch to biweekly payments?
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but some people prefer to make smaller semi-monthly payments that line up with their paycheques. Bi-weekly. You make payments every two weeks, which is slightly different than twice a month.
The switch could help cut a mortgage term by nearly five years, mortgage holders up and down the country have been told.
Bi-weekly car loan payments can be a sound financial plan for some borrowers. With new car loans increasingly on the rise, this strategy has become increasingly relevant. The average amount ...