A mortgage which requires principal and interest payments at two-week intervals. The payment is exactly half of what a monthly payment would be. Over a year's time, the 26 payments are equivalent to 13 monthly payments on a comparable mortgage loan. As a result, the loan will amortize much faster than loans with monthly payments.
A loan that requires payments every two weeks and helps repay the loan over a shorter term.
A loan that requires payment every two weeks, therefore reducing the term and cost.
A loan with twice-monthly payments to match a borrower's payroll schedule.
A loan designed to be repaid twice monthly to match many borrowers' payroll schedules.