How Biweekly Mortgage Payments Can Save You Thousands in Interest? | reAlpha Mortgage

Paying off your mortgage faster sounds like a dream, right? But what if you could do it without refinancing, without paying extra fees, and without making radical changes to your lifestyle? That’s exactly what biweekly mortgage payments offer.

Here’s the kicker: most homeowners don’t realize this simple switch could save them tens of thousands of dollars in interest over the life of their loan. And if you’re on a fixed income or budget-conscious, this strategy can help you gain financial momentum with minimal disruption.

Let’s break it down together.

• Biweekly mortgage payments can reduce total interest paid and shorten your loan term.
• This strategy works without refinancing or extra fees from most lenders.
• Aligning payments with your pay schedule can build discipline and savings.
• Ideal for borrowers seeking a simple way to accelerate mortgage payoff.
• Compliance-approved guidance with helpful links to trusted mortgage resources.

Instead of making one full mortgage payment per month (12 payments per year), biweekly payments split your monthly payment in half and pay every two weeks, resulting in 26 half-payments, or 13 full payments per year.

That extra payment? It goes straight toward the principal, reducing interest owed.

• $400,000 mortgage
• 6.5% interest
• Monthly: $2,528
• Biweekly: $1,264 every two weeks
• Interest saved: $80,000+ over the life of the loan
• Loan shortened: ~5 years

• Interest Savings: You pay less total interest thanks to more frequent payments.
• Faster Payoff: You build equity faster and finish your loan years early.
• Budget-Friendly: Aligns with biweekly paychecks for easy cash flow management.

• Not all lenders accept biweekly plans without third-party setup (some charge fees).
• Ensure that extra payments are applied to the principal, not future interest.
• Skipping payments during tough months could result in the cancellation of the benefit.

Pro Tip: Always confirm with your lender how biweekly payments are applied.

1. Ask Your Lender: Do they allow in-house biweekly payments? Is there a fee?
2. Manual Payments: If not, set up two automatic payments monthly (e.g., 1st and 15th).
3. Budget for the Extra Payment: Save a little each month to cover the 13th payment.
4. Track Your Progress: Use amortization tools or apps to watch your balance drop.

Find the Perfect Mortgage for Your Dream Home with reAlpha Mortgage.

Compare options, calculate payments, and get expert guidance - all in one place.

Check if you qualify

Not at all. Consistent on-time payments may help boost your credit.

Yes. You control your schedule. Just make sure your lender knows.

Biweekly still works; you’ll just need to budget for the two smaller payments instead of one big one.

It depends. Biweekly payments cost less and have fewer hurdles. Refinancing can lower your rate, but it comes with closing costs.

Yes! Biweekly payments work on FHA, conventional, jumbo, Non-QM loans, and more.

Buying your dream home doesn’t have to drain your savings. With reAlpha, you can unlock up to 75% of your buyer agent’s commission back - that’s real money to cover closing costs, home inspections, or even your first year of maintenance.

Here's how it stacks up:

✔️ 25% back when you work with a reAlpha agent

✔️ 50% back when you finance with reAlpha Mortgage

✔️ 75% back when you bundle title services too

This isn’t a gimmick. It’s a smarter way to buy. Ready to save thousands and own with confidence? Explore your savings with reAlpha Mortgage.

• This content is for educational purposes only and does not constitute financial advice.
• Mortgage savings depend on loan amount, interest rate, loan term, and payment discipline.
• reAlpha and reAlpha Mortgage are affiliated partners.
• NMLS #1743790 (reAlpha Mortgage)

All financial calculations are estimates. Confirm with your lender or financial advisor.

Find the Perfect Mortgage for Your Dream Home with reAlpha Mortgage.

Compare options, calculate payments, and get expert guidance - all in one place.

Check if you qualify