You should also look into any mortgage acceleration programs that your lender may have. Most large lenders do this, where they let you make payments every two weeks instead of monthly. The payments are right around half of your monthly payment, but you end up making the extra monthly payment (26 half-payments a year) someone already mentioned. This can generally shave about 7 years off of a thirty-year note. Many charge some sort of setup fee, which is bunk (but apparantly unavoidable, I have not researched it enough) but the savings, in the long run, are worth it. It also lessens the "hit" of that monthly payment somewhat.
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