There are many ways to pay off your mortgage faster than the conventional loan payment set up. One way to pay off your mortgage faster is to start a bi-weekly payment plan. This would consist of 26 bi-weekly payments. Instead of making monthly payments, you could pay half that amount every two weeks which is the equivalent of 13 monthly payments (one extra payment per year).

Assuming a 6.5% interest rate, you would pay off your mortgage around 24 years, about 6 years early. On a $100,000 mortgage, the savings would be over $30,000.