There are two schools of thought on

paying your mortgage early in the manner described below, and then the issue of whether or not your mortgage company would even allow it. Paying biweekly or paying 1/12th extra every month does save some on interest over the entire life of the loan. Most mortgage companies aren’t keen on the bi-weekly payment option, unless you’re paying ahead – pay the monthly note on time, then pay 2 weeks later for instance.

I think everybody should look at a full amortization table of their loan to see exactly how much interest they are paying on the life of the loan and then make adjustments to pay more on the PRINCIPLE of their loan.