The National Directory of Certified Public Accountants

Ask A CPA - Mortgages & Loans

What Is A Biweekly Mortgage ?

A Biweekly Mortgage requires payments every two weeks instead of the standard monthly payment. The 26 biweekly payments are each equal to one-half of the monthly payment. For the borrower, it is a substantial reduction in interest payments because the mortgage is paid off earlier.

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