Paying half your monthly payment every two weeks adds an extra full payment each year — see how much time and interest that saves.
Loan Details
Practical tips & common mistakes
26 payments, not 24
Biweekly means every two weeks — 26 half-payments yearly, equivalent to 13 full payments, not 12.
Paid third-party biweekly plans
Some companies charge $300+ in fees to do what your bank can schedule free. Automate transfers yourself.
Align with paycheck
Biweekly matches many payroll cycles — easier cash flow than one large extra payment in December.
Servicer application
Confirm partial payments are held and applied once monthly. Some servicers sit funds without accelerating principal.