Mortgage Payments: Monthly or Biweekly?

[Shane Bishop]

Hello,

My wife and I officially closed on our first home/investment property in August and are getting ready to start making our mortgage payments on the house. We are house hacking this home and plan to live in one side of the duplex for roughly 1-2 years and then looking to move out and rent both sides.  My question is, since this is going to be a rental property for us in the long term, is it better to make our mortgage payments monthly or biweekly? I understand that biweekly gives you one extra principle-only payment a year, but if we are looking to save money for our next home, is it better to save that money for a down payment or is it more beneficial to get that one extra payment a year?

Thanks,

Shane