Frequent Payments

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January 1, 1 6 min read Definitions

Working Mortgage Mortgage Loans Loan Amortization Mortgage Interest Real Estate Financing Frequent Payments

A Working Mortgage is a mortgage loan where payments are made more frequently than once a month, usually timed to align with the borrower's pay period. This payment structure typically accelerates the amortization of the loan, resulting in less interest paid over the life of the loan.