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Mortgage Terms: Bimonthly Mortgage Definition

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Mortgage Terms: Bimonthly Mortgage Definition

Bimonthly mortgage

Definition

A mortgage on which the borrower pays half the monthly payment on the first day of the month, and the other half on the 15th.

See Alternative Early Payoff Plans.

Related Terms

Other terms related to 'Bimonthly mortgage' starting with the letter 'B'

Balloon mortgage, Balloon, Buy down, Balance, Buy up

Browse by Letter »   1 4 A B C D E F G H I J L M N O P Q R S T U V W Y

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