Biweekly Payment
Direct definition
Paying half your monthly mortgage every two weeks, which produces 13 full payments per year instead of 12.
Written by the Vabasso Mortgage Editorial Team · Reviewed against agency and federal sources · Read our editorial policy for how we research and review mortgage content
Plain-English explanation
There are 26 biweekly periods in a year, so a true biweekly schedule results in one extra full payment annually. That extra payment goes to principal.
Why it matters
It quietly shortens the loan term and reduces total interest without dramatically changing your budget.
Where you may see it
- Servicer payment options
- Mortgage statement
- Amortization schedule
A real-world example
Educational and illustrative only
A common misunderstanding
Paying 'every two weeks' isn't automatically the same as a true biweekly plan — some informal setups just split the payment without producing the extra annual payment.
Frequently asked
Do all servicers support biweekly?+
No — some hold the funds and apply monthly. You can often replicate the effect with one extra monthly payment per year.
Ask Vabasso AI
- Author
- Vabasso Mortgage Editorial Team
- Reviewed by
- Vabasso Mortgage Licensed Advisory Team
- Last reviewed
- July 30, 2026