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Article: The 21st Century Way To Build Equity

The 21st Century Way To Build Equity

Here to stay and firmly established in the U.S. mortgage market, biweekly mortgage payments are gaining momentum. First introduced into the U.S. in the early 1980's by several small Northeastern Banks, the idea of biweekly mortgages has its origins in Canada.

This concept soon became the popular choice nationally within less than a decade after it's arrival placing the biweekly payment plan in the forefront of Canada's mortgage industry around 1972 for several good reasons. Consider the following:

1. Most people are paid weekly or biweekly, therefore, it is reasonable to have as an option "biweekly mortgage payments".

2. On a biweekly mortgage payment schedule, one half of a loan's monthly payment is made and credited to the account holder every...

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The 21st Century Way To Build Equity
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Article: The 21st Century Way To Build Equity

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The 21st Century Way To Build Equity
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