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Made, Stored and
Supported in the USA

Biweekly Mortgage

A biweekly mortgage is a home loan for which the buyer makes payments every two weeks instead of once a month. The amount paid is exactly half of the monthly payment, and choosing a biweekly mortgage results in a total of 26 payments per year instead of 12. This means that the total amount paid over the year is equivalent to 13 monthly payments, and consequently the mortgage is paid off sooner.