<prompt> Human: Wife and I are getting ready to buy our forever home meaning that we plan on living there for the entire 30 years of our 30 yr fixed-rate mortgage. Talking to the mortgage loan officer he tried to dissuad me from a bi-monthly payment schedule and instead suggested that I just make an extra payment once a year. I feel that this is wrong financially on so many levels, but I didnt press the issue since I think it can all be worked out later. My experience is telling me that he just doesnt want us to cut into his bottom line interest. Thoughts?  <response>: What prevents you from sending an extra 50 a week payment if you have it?Depending on how often interest accrues, theres nothing wrong with sending a little bit extra towards principal whenever you want to. Send extra each paycheck if you can, and if at the end of the week you come in under budget on groceries, send the extra then, too. Every bit of interest saved early is more money saved later. 