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Biweekly Payments Calculator
Biweekly mortgage payments increase the speed at which a mortgage is paid off by allowing borrowers to accelerate how quickly the principal is paid down. Biweekly payments are made every 2 weeks or 26 times each year, not twice a month which would be 24 times per year. It's much like making one extra mortgage payment each year.
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DISCLAIMER: There is NO WARRANTY, express or implied, for the accuracy of this information or its applicability to your financial situation.  Please consult your own financial advisor.