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Simple English definitions for legal terms

biweekly mortgage

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A quick definition of biweekly mortgage:

A biweekly mortgage is a way to pay for a house where you make payments every two weeks instead of once a month. This means you make 26 payments a year instead of 12. It can help you pay off your mortgage faster and save money on interest in the long run.

A more thorough explanation:

Biweekly mortgage is a type of mortgage payment plan where the borrower makes payments every two weeks instead of the traditional monthly payment schedule. This means that instead of making 12 payments a year, the borrower makes 26 payments a year, which can help them pay off their mortgage faster and save money on interest.

Let's say you have a mortgage of $200,000 with a 30-year term and an interest rate of 4%. If you make monthly payments, your payment would be $954.83. However, if you choose to make biweekly payments, your payment would be $477.42 every two weeks. By making biweekly payments, you would pay off your mortgage in 25 years and save over $30,000 in interest.

Another example would be if you have a mortgage of $300,000 with a 15-year term and an interest rate of 3.5%. If you make monthly payments, your payment would be $2,144.65. However, if you choose to make biweekly payments, your payment would be $1,072.33 every two weeks. By making biweekly payments, you would pay off your mortgage in 13 years and save over $20,000 in interest.

These examples illustrate how biweekly mortgage payments can help borrowers pay off their mortgage faster and save money on interest over the life of the loan.

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JumpySubsequentDolphin
10:11
@BulbasaurNoLikeCardio: I’ve only gotten my nose pierced as a baby before I got my nose piercing and it was a very mild experience
i was worried it was gonna catch on things and shit but actually w the way the anatomy works it's totally fine
10:11
@jackfrost11770: Heard you were Russian, DM me
JumpySubsequentDolphin
10:11
like it wasn’t painful or anything and I have no experience w piercings
BulbasaurNoLikeCardio
10:11
@jackfrost11770: depending the piercing she had and the activity they would clack. Like she had ones that would be like chains too
10:11
I have a few words to exchange in our native tongue
babycat
10:11
@renard99: you sound so sinister lmaooo
10:11
LMFAO
babycat
10:12
also I don’t think you can dm without lsd+
BulbasaurNoLikeCardio
10:12
@babycat: they make boob tape so you don't have to wear a bra while keeping them supported and perky looking? At least I think that is what boob tape does
babycat
10:12
Yeah but I’m not gonna tape my boobs everyday that seems so annoying
i'm gonna be honest idk how to dm on here LOL but i think u need lsd+ haha
BulbasaurNoLikeCardio
10:13
I am worried a nose piercing would like mess with my cardio even though everyone says no
10:13
Oh shoot hm
10:13
Do you have Discord
но здравствуй да русский мой первый язык так что :)
10:13
Ахахахах ну давай, добавь меня бро
JumpySubsequentDolphin
10:13
@BulbasaurNoLikeCardio: I’m very confused how would that interfere
10:13
Ща кину свой ник
10:13
Ща кину свой ник
BulbasaurNoLikeCardio
10:14
@babycat: then it sounds like if you get them pierced itll just be a secrete to surprise your future boo with since thy wont be poking out of your shirt
10:14
@jackfrost11770: reynard1 на Дискорде
babycat
10:14
yeah but like is that worth it for me? prob not. I think I like them the way they are
BulbasaurNoLikeCardio
10:15
@JumpySubsequentDolphin: For nose piercing I am thinking the like middle of your nose with the ring kinda thing, think itll like restrict airflow
babycat
10:15
woah you got a word for discord in russian that’s crazy
спасибо 🫡
triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
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