Even though a shorter term loan will save you money, it’s not for everyone or every Jacksonville Florida homebuyer. The higher monthly payment required of a shorter term loan may not allow some North Florida homeowners to qualify for a house they otherwise could afford with lower payments with a 30- year mortgage. The lower monthly payment may also offer a better sense of security in the event your future earning power might decline. With some financial discipline, there are several ways to help you pay off a 30-year loan faster with only a moderately higher monthly payment. One choice is the biweekly mortgage payment plan, which many lenders now offer for both existing and new Jacksonville loans.