FAQs

What is a biweekly rapid or accelerated payment?

A biweekly rapid or accelerated mortgage payment is equivalent to your normal monthly mortgage payment divided by two. You pay this amount every two weeks, dramatically reducing the length of your amortization term and total interest paid.

Go back to FAQ
Find Your Customized Rate
Share Article


Copyright © 2020 MortgageRates.ca. All Rights Reserved

200 - 1965 Broad St – Regina, SK S4P 1Y1