A type of mortgage where the borrower pays twice in the same month - half the payment is paid on the first day of the month and half is paid on the 15th.
Related information about bimonthly mortgage:
- Accelerated Bimonthly Mortgage Payments, Your Savings, Bi ...
The payment option commonly called 'bimonthly' is a bi-weekly payment option. However, some lenders offer a bimonthly payment service to homebuyers.
- Bimonthly and Biweekly Mortgage Payment Plans - The Mortgage ...
May 21, 2001 ... There isn't anything wrong with the bimonthly mortgage, provided you didn't give up ... A bimonthly mortgage involves no extra payments.
- How to Make Bimonthly Mortgage Payments | eHow.com
How to Make Bimonthly Mortgage Payments. Have you received an offer to make bimonthly mortgage payments? Read the fine print, as this may not be a ...
- Biweekly Mortgage Payments | The Truth About Mortgage.com
A bimonthly mortgage, or semi-monthly mortgage involves no extra payments, just two half payments a month which equates to the typical 12 payments a year.
- Bimonthly Mortgage Calculator
Bimonthly Mortgage Calculator is an online personal finance assessment tool to determine bimonthly payment, total interest and repayment. Bimonthly mortgage ...
- Alternative Early Payoff Plans - Ask the Mortgage Professor ...
A bimonthly mortgage involves no extra payments. You make 24 payments a year instead of 12 but they add to the same total. By advancing the payment by half ...
- What Is a Bimonthly Mortgage? | Home Guides | SF Gate
A mortgage loan is a secured financial obligation that a borrower agrees to repay . Mortgage loans frequently are issued through various lending institutions, ...
- The Advantages of Bimonthly Mortgage Payments - Budgeting Money
The faster you pay off your mortgage, the less interest you pay. Sending the lender a check every two weeks instead of every month is one way to step up the ...