Bi-Monthly Payment Calculator
The bi-monthly or fortnightly finance repayments calculator is a standard tool used in the financial industry services, it gives you a guide on how much you can save if you make half of your monthly mortgage payment every fortnightly, instead of once a month, due to the frequency, as there are 12 months in a year, but 24 fortnights in a year. In effect, you are making an extra payment each year. This reduces the finance term period and the profit to be paid. *It may save you few years and considerable amount in profit paid.