Biweekly Payment Mortgage Financial Glossary

What is it? A mortgage that features a bi-weekly payment that is approximately equal to about one-half of a regular monthly payment. The payments are then made 26 times a year, as opposed to 12 monthly full payments.

Finance Term Definition Added By: Adam

The Biweekly Payment Mortgage definition has been viewed 3470 Time(s)!

Send To Friends!

If you'd like to send the Biweekly Payment Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Biweekly Payment Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Variable payment plan is Any mortgage repayment schedule that provides for periodic change in the amount of monthly payments. Changes may occur as a result of the expiration of an interest only period (flexible payment mortgage), a planned step-up in payments (graduated payment mortgage), or a change in the interest rate due to fluctuation in an index (variable or adjustable rate mortgage).

Financial Term Total current assets is Assets that are expected to be converted into cash within twelve months of the balance sheet date

Financial Term Loss Mitigation is A process to avoid foreclosure. The lender tries to help a borrower who has been unable to make loan payments and is in danger of defaulting on his or her loan.

Financial Term Building Society is A financial institution owned by its members (rather than by shareholders) which pays interest on deposits and lends money on the security of property to enable members to buy their own homes.

Financial Term Estate is All property owned by an individual at time of death.