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If your mortgage is 1492 a month but instead you pay 760 twice a month. How much sooner will you pay off your mortgage?
Wiki User
∙ 15y ago
Usually it will reduce your mortgage to about 21 to 22 years. There really is no reason to pay twice a month when in fact all you did was create a 13 month year therefore taking your monthly payment and dividing by 12 and that is the amount you can include as an additional payment monthly and the result would be about the same. It is possible to pay one additional payment at any time through the year and have the same result.
Wiki User
∙ 15y ago
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Does bimonthly mean twice a month?
No! bi-monthly means every two months, like bi-weekly means every two weeks. semi-monthly means twice a month. Think of mortgage payments or payroll, bi-weekly payroll means one receives payroll every second week (i.e. every second Friday). Semi-monthly payroll means twice a month (typically the 1st and 15th of the month).
Will paying mortgage in 2 parts allow you to complete payments quicker?
Do you mean paying mortgage twice a month? Yes it will definitely be faster and save a lot of interest payment. Remember that interest is tax deductable. Check on your tax group; how much tax you pay for your income.
If your parents took out a mortgage in their name how do you get a mortgage in your name for the same property?
A property cannot be mortgaged twice at once. Additionally, you must hold the title to the property to place it under mortgage. Unless the other mortgage is paid off and your parents give you the house, you will not be able to get a mortgage on it.
If you get paid 1334.53 twice a month How much is that a year?
It's $32028.72
What is semimonthly?
Prefix "semi" means twice; therefore, semimonthly occurs twice a month.
Does bimonthly mean twice a month?
No! bi-monthly means every two months, like bi-weekly means every two weeks. semi-monthly means twice a month. Think of mortgage payments or payroll, bi-weekly payroll means one receives payroll every second week (i.e. every second Friday). Semi-monthly payroll means twice a month (typically the 1st and 15th of the month).
Can women get their periods twice in a month?
A woman can get her period twice a month if she has irregular periods.
Is there a word that means twice a month?
semimonthly means twice a month :D xoxoxoxoxoxox <3
What does twice a month mean?
Twice a month means that something happens two times in one month, usually on a regular schedule.
Will paying mortgage in 2 parts allow you to complete payments quicker?
Do you mean paying mortgage twice a month? Yes it will definitely be faster and save a lot of interest payment. Remember that interest is tax deductable. Check on your tax group; how much tax you pay for your income.
A magazine that appears twice a month is what?
A bi-monthly magazine publishes every two months, not twice a month. A magazine that appears twice a month is considered a semi-monthly publication.
How many times do you give a dwarf guinea pigs a bath a month?
Once or twice a month. You can do it beginning and end of each month or twice a month if it smells really bad.
What is a word for an event that happens twice a month?
If something happens twice a month it is called biweekly because it happens every other week and a month has 4 weeks. there is also bimonthly which is every other month but not really a direct word for something that happens twice a month.
How often is twice a month?
Two (2) times in a month.
What are the ratings and certificates for The Twice a Month Gang - 2002?
The Twice a Month Gang - 2002 is rated/received certificates of: Belgium:KT
Is it normal to get your period twice a month?
It's normal to have period twice a month heavily just for 3 days only?
I need someone to clean my house twice a month?
I need someone to clean my house twice a month
