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What is a biweekly mortgage payment program?

April 26, 2017biweekly mortgage payment program

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What is a biweekly mortgage payment program?

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The concept is simple. A biweekly mortgage payment program helps you pay off your mortgage years in advance by changing the frequency, not the amount, of your payments. One half of a payment is electronically withdrawn from your account every two weeks instead of one whole payment once per month.