Posted on: 05th Jul, 2009 05:48 pm
my payment is made the first day of the month. loan is fixed rate.
Hi reclamationart,
It is a good idea to make some additional payments towards the principal. It helps you pay off the mortgage in quick time and saves a lot of interest. There is no such best time to make the additional payments. You can make these additional payments along with your regular mortgage payments on the first day of the month.
It is a good idea to make some additional payments towards the principal. It helps you pay off the mortgage in quick time and saves a lot of interest. There is no such best time to make the additional payments. You can make these additional payments along with your regular mortgage payments on the first day of the month.
Hi reclamationart,
Welcome to our forum.
As you say, Its a better way to make additional payments. It's not only helps you to quick pay off your loan but also help you to save lot of interest rates.
It helps to be away from foreclosure.
Thanks & Regards.
gunz.ijjistaff.
_____________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
Welcome to our forum.
As you say, Its a better way to make additional payments. It's not only helps you to quick pay off your loan but also help you to save lot of interest rates.
It helps to be away from foreclosure.
Thanks & Regards.
gunz.ijjistaff.
_____________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
the earlier you can make additional principal payments, the better off you will be. there is no specified day on which you ought to do this - just make it a regular practice when you make your normal monthly payment.
