Biweekly Payment Plan
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A biweekly payment plan divides your required monthly mortgage payment in half. The half-payment is automatically deducted from your checking account every other week. Some lenders apply the biweekly payments immediately; others apply the payment at the beginning of the month. The Biweekly Payment calculator lets you compare the monthly payment and the repayment schedule of a single monthly payment to a biweekly payment ? 12 monthly payments compared to 26 half-monthly payments.

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