Biweekly mortgage
Definition
A mortgage on which the borrower pays half the monthly payment every two weeks. Because this results in 26 (rather than 24) payments per year, the biweekly mortgage amortizes before term
Related Terms Other terms related to 'Biweekly mortgage' starting with the letter 'B' Buy down, Balloon mortgage, Balance, Buy up, Bimonthly mortgage Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 