Should I make biweekly payments?
A biweekly payment plan is sets you up to pay half of your mortgage payment every other week. With 52 weeks in the year, you’ll be paying 26 half payments annually or (drumroll) 13 full payments. The savings from a bi-weekly plan comes from adding this extra payment.
In addition to our glossary, we have a library of downloadable PDFs that cover biweekly payment plans, mortgage insurance (and how to cancel it!), and other mortgage fundamentals.
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