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bi-weekly mortgage loan

A mortgage loan that requires borrowers to pay interest and principal payments for a mortgage loan twice a month. This type of loan saves borrowers money because the loan is paid off and retired earlier than expected, which prevents additional interest from accruing on the loan.

Related information about bi-weekly mortgage loan:
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    Definition of bi-weekly mortgage loan: A mortgage loan that requires borrowers to pay interest and principal payments for a mortgage loan twice a month.
     
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