The best way i have found to pay off your mortgage is: examples below.

1. say that your mortgage payment is 1200.00, so each month that you send in a payment send in at least 100.00 extra, at the end of the year you would have paid an xtra payment that goes toward your principal, not your interest, this will cut off your years to your mortgage. depending on how many years you have a 30 year mtg or a 15 yr mtg.

2. another way if you dont have the 100.00 every month is when you do your taxes pay 1200 towards your mtg at the end of the year.

3. some mtgs will allow you to pay 2x a month instead of 1x so say your payment again is 1200, you pay 600.00 biweekly and it will bring down the years, due to the interest that is being accured each month.  but again depending on the years of the mtg will depend on the years allot.  so you have to figure it out. with the bank .

NOTE: You save more time and money when you reduce your principal balance earlier in the year as compared to later. In our example, instead of increasing your monthly mortgage payment by 1/12th, you are better off increasing your monthly mortgage payment by 1/6th for the first six months of every year. See examples below:

1 lump sum ($1,834.41) at the start of every year--$119,158.76 interest and 87 payments.

1/6th of mortgage payment ($305.74) for the first six months of every year--$117,147.07 interest and 86 payments.

1/12th of mortgage payment ($153.00) for every month of every year--$114,837 interest and 85 payments.

Additional GURANTEED SAVINGS is realized when you employ one of the following five mortgage acceleration techniques:

1. Extra Principal Payments (EPP) 
2. Frequent Fractional Payments (FFP) 
3. A combination of EPP and FPP 
4. Utilizing a Home Equity Line Of Credit (HELOC) 
5. Utilizing a HELOC and Credit Card