Biweekly payments.
See what changes.
Compare paying every two weeks with paying twice a month before choosing a mortgage repayment schedule.
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Why can biweekly payments accelerate payoff?
Every-two-weeks payments make 26 half-payments per year, equivalent to 13 monthly payments. Twice-monthly payments make 24 half-payments, equivalent to 12. Extra principal, payment timing, and fees affect the outcome; frequency alone does not guarantee savings.
Check the schedule
Confirm whether payments are every two weeks or twice a month.
Check payment handling
Ask when partial payments are credited and extra principal is applied; partial payments may be held.
Compare fees
Compare program fees with adding extra principal yourself. Check any loan restrictions first.
Keep your next
step simple.
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Learn more: CFPB: mortgage payment handling.