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A bi-weekly auto loan is the WORST way to go. You pay twice as much in interest. they calculate a total of monthly payments and have you pay every other week rather than every month. If you go to http://www.credityes.com you will never pay bi-weekly payments.

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15y ago

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What are the payment options for a home loan?

The payment options for a home loan typically include making monthly payments with a fixed interest rate, making bi-weekly payments, or choosing an adjustable-rate mortgage with varying interest rates.


Does Nordstrom pay weekly or bi weekly?

Bi weekly and at my store its on thursdays


What does it mean when you get paid bi-weekly?

Getting paid bi-weekly means that you receive your paycheck every two weeks. This payment schedule is common for many employees and typically results in receiving 26 paychecks per year.


A bi weekly mortgage reduces the term of a thirty year mortgage to how many years?

By making half of a monthly mortgage payment every two weeks, homeowners can save a substantial amount of money over the term of a mortgage loan. Typically, if a homeowner pays half of their monthly mortgage payment every other week, they will reduce a 30-year fixed-rate mortgage by approximately seven years. The reason is simple: instead of making 12 monthly payments, homeowners are making half a payment every two weeks, resulting in 26 half payments per year, or the equivalent of 13 monthly payments in a 12-month period. In the end, the principal is paid down a great deal faster, saving a significant amount of money on mortgage interest payments. Most banks and mortgage lenders offer bi-weekly payment options, and many even offer a weekly mortgage payment option. If you're willing to pay your mortgage bi-weekly, and your lender offers the opportunity for weekly mortgage payments, take full advantage. Does this opportunity to pay off your mortgage early sound too good to be true? Well, there is one caveat: most banks that offer the bi-weekly or weekly payment options also charge a fee to sign up, often hundreds of dollars. However, there is a way to achieve the same results without having to pay these unnecessary fees. Merely make one extra monthly mortgage payment per year or simply distribute an extra month's payment evenly throughout the year by paying down the principal each month. Most monthly mortgage statements provide an extra line for an "extra principal payment." To see exactly how much money a bi-weekly or weekly payment plan can save you over the life of your mortgage loan, an online accelerated mortgage calculator will do the figuring for you. You will be pleasantly surprised at how much time will be removed from your mortgage term.


How much do you make bi weekly if you make 45000?

$1730.77 Divide the annual salary by 26 to get bi-weekly, or 52 to get weekly.

Related Questions

Bi-weekly Auto Loan Calculator?

Bi-weekly Auto Loan Calculator This calculator shows you possible savings by using an accelerated bi-weekly auto loan payment. Bi-weekly payments accelerate your auto loan payoff by paying 1/2 of your normal monthly payment every two weeks. By the end of each year, you will have paid the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your auto loan and save you hundreds to thousands of dollars in interest. Click on the "View Report" button to see your savings!


Alternative Payment Frequencies?

Alternative Payment Frequencies Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.


What is the difference between bi-weekly and bi-monthly payment schedules?

The difference between bi-weekly and bi-monthly payment schedules is the frequency of payments. Bi-weekly means payments are made every two weeks, while bi-monthly means payments are made twice a month.


Do associates who work at joann fabrics get paid weekly or bi weekly?

bi weekly


What are the payment options for a home loan?

The payment options for a home loan typically include making monthly payments with a fixed interest rate, making bi-weekly payments, or choosing an adjustable-rate mortgage with varying interest rates.


Where can I find a bi-weekly mortgage calculator on the web?

This free online Biweekly Mortgage Payment Calculator will calculate the bi-weekly payment and the time and interest savings that will occur if you switch from .


Does Home Depot pay weekly?

Bi Weekly, it depends on where you live, i work in NY and i get paid every week.


What is the diffenece between biweekly and bimonthly?

Bi-weekly is every two weeks and bi-monthly is two payments every month. Because most months are more than 4 weeks the bi-weekly payment amounts to an extra payment over the period of a year. The total number of payments when paying bi-weekly is 26 whereas its 24 payments when paying bi-monthly.


Does bojangles pay weekly or bi weekly?

bi weekly (every 2 weeks) twice a month.


Do Pepsi get paid weekly or bi weekly?

Bi weekly


Do pepsi merchandiser get paid weekly or bi weekly?

Bi weekly


Do managers get paid weekly or bi-weekly?

depends on the company. Weekly, bi-weekly or monthly.