Paying mortgage bi monthly instead of monthly

Croissant

Hi, So I saw some info that stated if you divide your monthly mortgage payment and pay it bi-monthly instead of the whole amount at the end of the month then it will reduce your total amount and that you can pay your mortgage off earlier. Probably a myth so a simple yes it will or no it won't would be great. Thanks 

Sarahspangles

So long as the mortgage is recalculated daily rather than monthly, this will slightly reduce the amount of interest you pay. It’s effectively an overpayment.  However unless the provider allows you to reduce the term of the mortgage it’s only like paying your mortgage off a couple of weeks early.

Some will reduce the term only if you make a significant overpayment, and note you may not be able to withdraw this in some scenarios.

Croissant

Thank you for your reply Sarahspangles. I appreciate your help.