Biweekly Mortgage Plans: What it could mean for you!

What Is a Biweekly Mortgage Plan?

With a biweekly plan, you make half of your regular monthly mortgage payment every two weeks instead of one full payment per month.

• 26 half-payments per year

• That equals 13 full payments annually (instead of 12)

That extra payment each year goes directly toward principal.

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Key Benefits

✅ Pay off your mortgage faster
Most borrowers shave 4–8 years off a 30-year loan.

✅ Save thousands in interest
Less principal over time = less interest paid overall.

✅ Easier budgeting
Payments often align with biweekly paychecks.

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Important Things to Watch Out For ⚠️

🔹 Not all lenders offer true biweekly plans
Some third-party services charge fees just to manage payments.

🔹 Fees can cancel out savings
Setup fees or ongoing service charges may outweigh interest savings.

🔹 Prepayment penalties
Always confirm your loan allows extra principal payments without penalties.

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Smart Alternative (Often Better)

💡 DIY biweekly strategy
Instead of enrolling in a program:

• Make one extra mortgage payment per year, or

• Add 1/12 of your monthly payment to each payment

Same financial benefit, no fees, full control.

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Who Benefits Most?

✔️ Homeowners planning to stay long-term
✔️ Buyers with higher interest rates
✔️ Anyone wanting to build equity faster

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Bottom Line

Biweekly mortgage plans can be a powerful tool—but only if done correctly and without unnecessary fees. In many cases, making extra principal payments on your own is the smarter move.

If you want, I can:

• Break this down into a client-friendly social media post

• Create a homebuyer handout

• Run a payment savings example based on your price range