Bi-Weekly Mortgage Loan

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Definition: Bi-Weekly Mortgage Loan

Bi-Weekly Mortgage Loan
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Full Definition of Bi-Weekly Mortgage Loan

A mortgage loan that requires borrowers to pay interest and principal payments for a mortgage loan twice a month. This type of loan saves borrowers money because the loan is paid off and retired earlier than expected, which prevents additional interest from accruing on the loan.

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https://payrollheaven.com/define/bi-weekly-mortgage-loan/
Modern Language Association (MLA):
Bi-Weekly Mortgage Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/bi-weekly-mortgage-loan/.
Chicago Manual of Style (CMS):
Bi-Weekly Mortgage Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bi-weekly-mortgage-loan/ (accessed: April 23, 2024).
American Psychological Association (APA):
Bi-Weekly Mortgage Loan. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bi-weekly-mortgage-loan/

Definition Sources

Definitions for Bi-Weekly Mortgage Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.