Updated: Tuesday, May 22, 2012
A biweekly Jacksonville Florida mortgage is paid every two weeks instead of once a month. Over the course of a year, this equivocates to making one extra monthly payment. This may not sound like a lot, but it can add up over time. By switching from a traditional payment plan to a biweekly mortgage, you can shorten the term of a 30-year loan by several years and save thousands of dollars in interest. If you think a biweekly mortgage would work for you, talk to your Jacksonville Florida lender.