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re: Trying to make twice a month mortgage payments
Posted on 3/14/16 at 8:53 am to Stingray
Posted on 3/14/16 at 8:53 am to Stingray
quote:
Another way to ask is, will the 2 (1/2) payments prior be able to serve as the full payment so I can continue only making half payments?
No, for round numbers if your mortgage is $1,000 per month and you paid $500 on Feb 15 and $500 on Feb 29, you will need to pay $1,000 today for your March payment and then $500 on March 15 for April and $500 on March 30 for April in order to be able to do the bi-weekly payments.
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