Biweekly Mortgage Calculation
Definition:
Biweekly Mortgage. A mortgage in which you make payments every two weeks instead of once a month. The basic 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.
The following calculator will assist you in determining if a biweekly mortgage payment
is right for you. Change the sample data below with your data and hit Calculate!
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