If it’s true that a bi-weekly mortgage lowers the interest cost for a mortgage then why not get a bi-weekly mortgage and reduce annual costs, too?
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A college education comes at a steep price, but some parents hope to turn the expense into a profit by purchasing housing for their student. In fact, real estate professionals have even coined the term “kiddie condo” to describe this phenomenon (which is somewhat of a misnomer because parents buy the homes).