Most mortgages have the option to allow payments to be made on a
weekly or bi-weekly basis. This option may be desirable for two
reasons. The first is it can save you money as you can expect to
pay off your mortgage about 4 years sooner. This can save you
dramatically over the life of your mortgage. The other reason why
these options are so popular is that if your employer pays you on
a weekly or bi-weekly basis, you can simplify your budgeting by
making the payment line up with the way you paid.