If you’re interested in the concept of biweekly mortgage payments, you should read this article…
Do you really want to pay your mortgage biweekly?
If you have a mortgage, you may have received an invitation from a bank or mortgage servicing company to make your payments biweekly.
The upside: paying half of your mortgage every two weeks coincides evenly with many paycheck schedules. Plus, buyers can pay off the mortgage six to eight years early.
The downside: many of the programs come with a hefty price tag. If you are interested in paying half of your mortgage every two weeks instead of making one full payment every month, get detailed information on your bank’s program, including all the fees and charges.