When your monthly mortgage payment is multiplied by 12 months and divided by the 52 weeks in a year. The amount is withdrawn from your bank account every week, so you make 52 payments per year.
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When your monthly mortgage payment is multiplied by 12 months and divided by the 52 weeks in a year. The amount is withdrawn from your bank account every week, so you make 52 payments per year.
« Back to Glossary Index