Mortgage acceleration
id:
mortgage-acceleration-282-16496093
title:
Mortgage acceleration
text:
Mortgage acceleration is the practice of paying off a mortgage loan faster than required by terms of the mortgage agreement. As interest on mortgages is compounded, early payments diminish the period needed to pay off the mortgage, and avoid a quotient of compounded interest. A commonplace method of mortgage acceleration is a so-called bi-weekly payment plan, in which half of the normal calendar monthly payment is made every two weeks, so that 13/12 of the yearly amount due is paid per annum. Co
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Mortgage_acceleration
date created:
date modified:
2024-02-29T19:30:49Z
main entity:
{"identifier":"Q6914641","url":"https://www.wikidata.org/entity/Q6914641"}
image:
fields total:
13
integrity:
13