<prompt> Human: Is there any benefit in the long run to making half of a mortgage payment twice per month as opposed to the full payment once per month? I do understand that paying extra will definitely help, but Im talking about still making just the basic payment. Thanks!! :  <response>: It depends on how your mortgage company applies the payments.Some wont allow you to make partial payments like this. Others will, but will still hold the money and apply it to your monthly payment. Others will let you do this like pay on the 1st and the 15th, but the impact of this is very small. You save a tiny bit of interest on each payment that occurs on the 1st of the month because you paid a part of the principal on the 15th.Or are you referring to a biweekly payment program? These are different because you dont pay twice a month, you pay once every 2 weeks. These will save considerable money over the course of 30 years because you end up making one extra payment a year.You can achieve a similar effect, however, by adding an additional principal payment of 112 of your payment to each monthly payment. 