no you can not
It means that you have to make monthly payments on your house.
no
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
make bi-monthly payments
You can make monthly payments or yearly payments. You can even pay it in full if you have enough money for that. It all depends on the company however.
The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage.
Some plans can help people, and especially students, to reduce their monthly payments on loans. An example is the Income-Based Repayment scheme, designed to help people manage their payments and make them more affordable.
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
3.5
Reduced payment plan
360
180