What is a Bi-weekly Mortgage?

A mortgage which requires principal and interest payments at two-week intervals which is exactly half of what a monthly payment would be which over a year's time, the 26 payments are equivalent to 13 monthly payments on a comparable mortgage loan and as a result, the loan is amortized much faster than loans with the standard monthly payments. There is often a fee per payment for this service. We do not offer Bi-Weekly Mortgages.