“Accelerated” vs “Non-Accelerated” Bi-Weekly Payments

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The difference between regular, or ‘non-accelerated’,┬ábi-weekly payments and accelerated bi-weekly payments is that the accelerated payments give you an extra FULL payment each year that goes straight towards your principle balance. Here’s the breakdown: There are 12 months in a year, but not every month has exactly 4 weeks, so there are actually 26 bi-weekly… Read more »