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Paying of Mortgage bi-monthly Archived From: Finance

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alert mods    

Right, the terminology was wrong, I didn't notice that. It should be semi-monthly vs. biweekly. Except you didn't question the terminology in your first post, you questioned how paying every other week is different than paying twice a month. To which my original post applies.


alert mods    

It's the terminology that led to my question...

I stated "Don't understand the difference between bi monthly and semi weekly.... aren't they both paying the same thing twice a month" and granted should have been clearer about paying the same thing twice a month or twice a week.

Regardless, this whole thing would have been avoided if the terminology was correct in jamin's posting.

I'm done posting about this - it's too far off subject and the error has been noted so there won't be any more misunderstandings.


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