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Mortgage Glossary

Biweekly Mortgage

Mike Starr·Reviewed August 2026

A biweekly mortgage payment schedule requires a payment every two weeks instead of once a month. Because there are 52 weeks in a year, this results in 26 half-payments — or 13 full monthly payments — instead of 12. The extra payment each year reduces the loan balance faster, saving interest and shortening the loan term.