How many times per year are monthly payments made?

Monthly payments are made 12 times per year, corresponding to each month in the calendar year. Since there are 12 months, and if a borrower has a mortgage that requires monthly payments, they will make one payment for each month. This structure is standard across most mortgage agreements, as it aligns with how financial institutions structure their loan amortization schedules.

The other options refer to different payment frequencies, such as semi-monthly, bi-weekly, and weekly payments, which do not apply in the context of monthly mortgage payments. Understanding the payment frequency is essential for financial planning and determining how much of the mortgage principal and interest will be paid over time.