A biweekly mortgage is where the borrower makes payments biweekly or every two weeks instead of monthly.  The result is that instead of making twelve monthly payments during the year, you make thirteen. The extra payment reduces the principal, substantially reducing the time it takes to pay off a thirty year mortgage because the 26 biweekly payments are each equal to one-half of the monthly payment.  A biweekly mortgage amortizes much faster than monthly payment loan which can mean substantial saving over the term of your mortgage loan.  Typically a biweekly mortgage could enable you to pay for your house an average of 6-8 years ahead of schedule.

If you are interested in a biweekly mortgage loan, we can provide you with free multiple biweekly mortgage quotes.  You can compare your options, rates and terms and save yourself thousand or more.