A Biweekly Mortgage Refers To

Multiple Choice

A biweekly mortgage refers to:

A) a mortgage that starts with unusually low payments that rise over several years to a fixed payment.
B) financing made available by a builder or seller to a potential new-home buyer at well below market interest rates, often only for a short period.
C) a fixed-rate mortgage with payments that increase over a specific period.
D) a mortgage that requires the borrower to pay only interest.
E) a loan on which payments equal to half the regular monthly payment are made every 2 weeks.