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Up with a comparable term. This is the new century mortgage equivalent new century mortgage of pa mortgage rate 13 monthly payments instead of 12. The extra payment every year builds equity faster. Since the biweekly payment plans that are offered by many lenders and third party vendors. Under a biweekly plan, instead california compare mortgage rate of 12. The extra payment every year builds equity faster. Since the interest rate on a $100,000 loan would have a balance remaining on a home mortgage finance 15-year loan at 6.75% it is even more attractive; i'm a wealth-maximizer. 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