Posted on: 01st Jul, 2009 11:26 am
When I refinianced I was told my first payment would be on July 1st.
I sent that payment in on June 1st and will aleways be 1 month ahead of schedule.
Does this cut the interest I will be paying on the life of my 30 yr fixed loan.
Should I keep doing this or not.
Thank you so much,,,
I sent that payment in on June 1st and will aleways be 1 month ahead of schedule.
Does this cut the interest I will be paying on the life of my 30 yr fixed loan.
Should I keep doing this or not.
Thank you so much,,,
A payment is due every month. You can never pay ahead. It helped you because the majority of that payment paid down your principle.