When smart just isn’t smart enough, there’s the First Priority Mortgage, Inc Bi-Weekly mortgage. With this unique option, you'll save thousands of dollars in interest expenses and pay off your mortgage years sooner. How does it work? You simply make half of your regular monthly mortgage payment every two weeks instead of once a month. This results in 26 half payments per year, the equivalent of making one extra monthly payment per year. Although it doesn’t seem like a lot, it can make a big difference.

The escrow requirement for taxes and insurance can be waived with at least 20% down and excellent credit. Down payments can be as low as 5%.