pro/con of biweekly mortgage – Page 2 – Piggington's Econo-Almanac

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May 26, 2009 at 10:45 PM #406771

Coronita
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[quote=ocrenter]thanks flu

26 half payments = 13 payments yearly instead of 12 payments yearly. [/quote]

Yup, but if you really want to be anal, you take that extra 13th payment, and instead of paying it at the end of the year, you spread it out over the 12 months as extra principle payment per month.
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