Inc, 5000 America's Fastest Growing Companies


email

Biweekly mortgage

As the name suggests mortgage payment are paid every two weeks. The amount paid is half what would be paid in a month; however, there are two extra payments in a year resulting in the total of 26.

One entire extra month's payment is made each year, which significantly cuts down the interest paid over the life of the loan. The lender may charge to set up a biweekly mortgage. You could achieve the same impact by simply adding one extra payment to your loan each year.
Rate This Article From 1 (Lowest) to 5 (Highest)
Average
Related Articles
How Many Assets Is Enough When Homebuying?
Mortgage term
People involved form the lender side
Type of lender
Different types of mortgage loans.
Check your Credit Report

The Relocation.com Guide to Picking a Mover
The Most Common Mistakes in Moving
Packing: Tips on How to Get Started
Would a Relocation Do You Good?
Your Moving Day: What to Expect

Get Smarter About Moving

Moving can make you crazy. We’ll help you stay sane with timely emails loaded with tips and reminders designed to keep your move on track.




Tell Us About It

Ask a Relocation Expert

How Can I Save Money on My Move?
Got your moving quote and want to save some bucks? Here are a few ideas from moving expert Karen Tooley.


The more you know, the better your move will go. Check out helpful articles by our pros.

Management Bios
Advertise with Us
Partnership Opportunities
Privacy Policy
Terms of Use
Login
Careers
Customer Service
Press Center
Learning Center
Calculators
Ask an Expert
Map Your Move
Planners & Checklists
Copyright ©1999-2008, Relocation.com LLC. All Rights Reserved