Precast concrete is a construction product produced by casting concrete in a reusable mold or form which is then cured in a controlled environment, transported to the construction site and lifted into place. In contrast, standard concrete is poured into site-specific forms and cured on site.
What They Are. Semi-monthly payments are payments made twice per month on the 1st and 15th rather than once per month on your regular due date. The balance due remains unchanged; if your mortgage is $1,200 per month, you would make a payment of $600 twice each month.
And donât confuse biweekly mortgages with âbimonthly mortgages.â A bimonthly mortgage, or semi-monthly mortgage involves no extra payments, just two half payments a month that equate to the typical 12 payments a year. In effect, the practice does very little to save money, and isnât offered by many banks and lenders.