Mortgage Payments:

📌Monthly mortgage payments are the most standard, and lenders use this common payment to calculate the amount you would pay on other schedules. But choosing another option can shave time off your mortgage and thousands from your interest costs. 💰💡

📌 Semi-monthly means you will divide your monthly mortgage payment in half and pay that amount twice a month. 📅✌️

📌 Biweekly means paying 26 payments yearly, once every 2 weeks. For 3 months each year (usually), you’ll need to make 3 payments in a month. ⏰💰

📌 Biweekly Accelerated means you’re paying 26 payments each year, with an extra monthly payment added into the calculation and spread out over the year’s payments. For 3 months each year (usually), you’ll need to make 3 payments in a month. On average, this payment method can take your amortization from 25 years to 22.5 years. ⚡️💸

📌 Weekly means you’re paying 52 payments each year, which is once a week. 🗓️📆

📌 Weekly Accelerated means you’re paying 52 payments each year with an extra monthly payment added into the calculation and spread out over the year’s payments. On average, this payment method can take your amortization from 25 years to 22.5 years. ⚡️📆💸

Have any mortgage related questions? I’m happy to help. 😀

Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

Click here to view the latest news on our blog.