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![]() When you make bi-weekly payments, there will be two months a year where you have to come up with the extra money it takes to make that third half-payment. If bi-weekly payments save so much money, why doesn’t everyone use them? This means the debt will be fully paid off within 21.5 years instead of 25, netting you a $14,610 saving on interest payments! You can click "Get FREE Quote" now to find local providers offering this option and enjoy some major savings on your home loan. Over the course of a year you will make 26 payments of $350.76, totalling $9,120 – whereas with 12 standard monthly payments you would pay only $8,418. A bi-weekly payment would be half of that = $350.76.
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