Biweekly Amortization+ 1.2

This program is a biweekly payment schedule that demonstrates the effect of reducing the term and interest amount of a loan. By making a loan payment every two weeks of half of the monthly payment, 26 payments are made each year. This program demonstrates the savings available to you if you pay your mortgage every other week instead of monthly and are CREDITED THE PAYMENT by the lending institution at the time of payment.