The Guaranteed Rate Mortgage Glossary

your payment equals the cost. Biweekly Mortgage - A mortgage that schedules payments every two weeks instead of the standard monthly payment. The 26 biweekly payments are each equal to one-half of the monthly payment. The result for the borrower is a substantial reduction in interest payments because the mortgage is paid off sooner. A biweekly ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.