|
|
Biweekly mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Biweekly mortgageA mortgage that requires payments every two weeks and helps repay the loan over a shorter term.Biweekly mortgage Similar MatchesBiweeklyBiweeklyAlso known as accelerated mortgages. Biweeklies reduce interest expense and build home equity faster than monthly payments. Biweekly mortgage loanBiweekly mortgage loanA mortgage whereby the borrower makes a half monthly payment every two weeks instead of the usual 12 monthly payments. This arrangement results in 26 half monthly payments per year and a significant reduction in interest since an extra monthly payment is made. |
|
|
|