Finance
A Missouri 'biweekly mortgage' program allows the borrower to:
ASkip every other payment
BMake half a monthly payment every two weeks, resulting in 26 payments (13 full monthly payments) per year✓ Correct
CPay the mortgage off in exactly 20 years
DPay principal only without interest
Explanation
Biweekly mortgages in Missouri result in 26 half-payments per year (equivalent to 13 monthly payments). The extra annual payment accelerates principal reduction and can shorten a 30-year loan by several years.
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