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Phone:
250-334-1683
Fax: 250-334-1834
Toll Free: 1-866-989-6414
E-mail: rickbossom@yourmortgageinfo.ca
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Mortgage Tip
- A bi-monthly payment will not pay your mortgage down faster and should never be confused with a bi-weekly payment.
The bi-monthly mortgage payment is your monthly payment made twice a month. You will make 24 payments per year . A bi-weekly payment will create 26 payments per year, two extra payments that go directly to the principal balance of your mortgage. that is how the bi-weekly payment will save you thousands of dollars and years of amortization on your mortgage.