Bi-weekly payments can be a good way to go but I'm a fan of just increasing your payments by an extra $100 or so dollars a month to the same advantage.

Many lenders charge a set up fee for bi-weekly payment. This set up fee can range from $300-$500 and really put a hole in your pocketbook. Paying extra each month doesn't cost you a cent and only saves you money.

Bi - weekly does save money, however difficult determine and render an opinion unless entire file is reviewed.

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Check out http://www.bankrate.com/calculators/mortgages for the mortgage calculator. It would likely save you about $1000 at 6% interest.

Congratulations.