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How does the 52 pay plan work in a mortgage?

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Latest post Sat, Oct 31 2009 9:53 AM by Kent Mikkola. 3 replies. Viewed 214 times.
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  • Fri, Oct 30 2009 2:10 PM                

    • Anonymous

    How does the 52 pay plan work in a mortgage?
  • Fri, Oct 30 2009 5:10 PM                 In reply to

    With the limited amount of information.  I assume that your speaking about paying half mortgage every two weeks, which equals out to 4.33 weeks a month.  In turn equals out to accelerated payment schedule.(about 2 payments)  If your looking for more accurate numbers please contact a mortgage professional in your area.

     

     

    Voyage Home Loans

    Mike Kim

  • Fri, Oct 30 2009 7:31 PM                 In reply to

    I think he is talking about making a "weekly payment'.....but then again who knows?? there have been a lot of very vaque questions from annonymous....whether it is from a "new annonymous" or the same is hard to tell.

  • Sat, Oct 31 2009 9:53 AM                 In reply to

    Could you give us more information as to where you have seen this "52 pay plan"... maybe a website or the nameof the company offering it?  There are many companies who offer uniquely named products as marketing gimmicks.  Some of these products have little additional benefit over standard mortgages.

    PREMIUM MEMBER
    Going the extra mile is my normal route, even with today's gas prices.
    Kent Mikkola, Mortgage Consultant, M & M Mortgage, LLC, 1700 W Hwy 36, Ste 130, Roseville, MN 55113, Direct 651-558-9807, kmikkola@themmmortgage.com
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