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James L. Hicks
James L. Hicks
J.L. Hicks Financial Group Financial Planner
http://www.jlhfinancial.com/ 703-394-7176

At J.L. Hicks Financial Group, we want to be your guide on the path to financial wellness by partnering with you. Through comprehensive financial planning and sound, ongoing education, advice, and support, we meet you where you are today and help take you where you need to go financially.

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Bi-Weekly Mortgage Payments

Two out of three American households today are homeowners. For the vast majority of those households, home equity is the single largest source of wealth. Switching from monthly to biweekly (every two weeks) mortgage payments can help you build more wealth by paying off your home faster and saving money on interest. Use this calculator to see how much you could save.

Loan Details

$
%
years

Your Potential Savings

Interest Savings
$0

Payment Comparison

Monthly Payments

Payment Amount$0
Total Interest Paid$0
Total Amount Repaid$0

Bi-Weekly Payments

Payment Amount$0
Total Interest Paid$0
Total Amount Repaid$0

Balance Over Time

By switching to bi-weekly payments, you make 26 half-payments per year instead of 12 full monthly payments. This equals one extra monthly payment each year, helping you pay off your mortgage faster and save on interest.

This is a hypothetical interest rate used for illustrative purposes only. It is not representative of any specific mortgage rate. Speak with your real estate professional or mortgage company if you are uncertain about your Annual Interest Rate.

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