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Biweekly Payment Mortgage A mortgage that requires payments to reduce the debt every two weeks (instead of the standard monthly payment schedule). The 26 (or possibly 27) biweekly payments are each equal to one-half of the monthly payment that would be required if the loan were a standard 30-year fixed-rate mortgage, and they are usually drafted from the borrower's bank account. The result for the borrower is a substantial savings in interest.
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The Team specializes in Rockingham & Caswell County: Reidsville, Pelham, Ruffin, Eden, Summerfield, Brown Summit, Wentworth, Gibsonville and Yanceyville.
Member of Rockingham County & Guilford County MLS.
© 2009 CENTURY 21 The Knowles Team. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.
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