Good Morning SA Family....so, I woke up out of a sound sleep at around 11:30 last night and started thinking....."why not make additional principal payments to my mortgage throughout the month, when funds are available, versus waiting until the mortgage payment is due and including the pre-payment with it?"
What say you? Should I simply photocopy a bunch of my mortgage payment coupons, black out the due date, use for the banks tracking purposes and start funneling in various amounts of money toward the princpal? I have never, in all my years and experience with principal pre-payment done this. I think it wise to first contact my lending institution to see if there are any "laws" against this or "processing fees" attached...but other than that, why not get the extra monies to them asap versus sitting on them for a month? Hmmmmmmmm......
Mortgage Principal PrePayment Thought...What say You?
April 2nd, 2014 at 02:15 pm
April 2nd, 2014 at 02:20 pm 1396444811
April 2nd, 2014 at 04:19 pm 1396451971
April 2nd, 2014 at 05:55 pm 1396457726