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There are a variety of ways to establish your mortgage and to save charges as you make your payments.  Thinking this through with the help of a tool like a mortgage calculator can be extremely helpful. With this tool, you can “play” with several different scenarios, and when you see the monthly payments for each, you are in a much better place to decide which way to go. There are savings to be had if you reduce the amortization, if you put an “extra” lump sum onto the loan every mortgage calculator single year, and if you make payments more frequently. For example, making a payment every two weeks feels like a reduction because you don’t have a whopping full month’s charge to your account.  However, you are truly paying more each year, because there are 26 bi-weekly periods in a year, whereas twice-per-month equals only 24.  When you punch these different options into the calculator, you will see how each option changes your payments and interest charges.