Bi-Weekly Mortgage Loans

This is one of the most popular mortgage loan programs in Pennsylvania. The bi-weekly mortgage loan program is a relatively easy way to save thousands in interest! This savings is achieved because with a bi-weekly mortgage payment, you pay one-half of your old monthly payment every other week. This mortgage payment can be made through an automatic withdrawal from the borrower?s checking or savings account.

There are 26 bi-weekly mortgage payments in each year, which amount to 13 full mortgage payments. Therefore, the borrower pays an extra payment each year, which reduces the mortgage loan balance at an accelerated pace. This results in the savings of thousands of dollars in interest over the term of the loan.