Meaning Accelerated weekly payment
What does Accelerated weekly payment mean? Below you find one meaning for the word Accelerated weekly payment You can also add a definition of Accelerated weekly payment yourself
1 |
0
0
Accelerated weekly paymentA payment frequency that allows you to pay one quarter of the monthly payment every week. To calculate the amount of your accelerated weekly payments, divide your monthly payment by four (for example, $1,000 รท 4 = $250). You make the equivalent of one extra monthly payment per year, which means you will pay off your mortgage faster and save in inte [..]
|
| << YIELD-TO-MATURITY | Annual interest rate >> |