Can you save on your mortgage?

How to Avoid Costs of a Bi-Weekly Plan and Get the Same Results
In the event that you are one of the people who take the position that the costs are simply too high for a bi-weekly program, there are two simple things you could do that will have the same financial effect on reducing the term of your mortgage:
When you make your payment each month, add an additional 1/12th of a payment and indicate that it should go to the principal balance
OR;
Make an extra payment once a year and indicate that the extra payment should go to the principal balance
As with everything in life, convenience has a price. And when it comes to paying off a mortgage early using a bi-weekly mortgage payment program, setting it up so you can forget about it is worth the price.
At least it is to most people.