By paying 1/2 of your monthly mortgage payment every 2 weeks, you can pay it off years sooner and save thousands of dollars. Read The Motley Fool article for an explanation of how this works: 1 Way To Shave 4 Years Off Your Mortgage.
Do you want to pay your mortgage down quicker, but don’t think you can afford much more than you’re already paying? A bi-weekly payment plan may be the way to go for you. By simply paying half of your mortgage payment every two weeks instead of paying the entire payment monthly, you could potentially shave years off of your repayment time and build equity in your home faster.