Can you make extra principal payments on mortgage

Is Prepaying Your Mortgage A Good Decision? | Bankrate

… One tactic is to make one extra mortgage principal and interest payment per year. You could simply make a double payment during the month of …

Mortgage Payoff Calculator | RamseySolutions

Making extra payments toward your principal balance on your mortgage loan can help you save money on interest and pay off your loan faster. If you want to make …

Loan amortization and extra payments Wells Fargo

When you make an extra payment or a payment that’s larger than the required payment, you can designate that the extra funds be applied to principal. Because …

Do Additional Principal-Only Payments Help? | Rocket Mortgage

… A principal-only mortgage payment, also known as an additional principal payment, is a supplementary payment applied directly to your mortgage …

Should You Pay Extra On Your Mortgage Principal? | Commerce Bank

… Most mortgages provide you the option to pay extra on your principal if you wish. You could, for example, pay an extra $50 or $100 each month, …

Should You Make Extra Mortgage Principal Payments?

As you may know, making extra payments on your mortgage does NOT lower your monthly payment. Additional payments to the principal just help to shorten the …

How to Pay Down Your Principal | Mortgage | Chase

Phone payments: You can call your lender to make an additional payment toward your principal. Have your account information ready. Most importantly, tell the …

Tips on How to Pay Off Your Mortgage Early Nationwide

Just remember to inform your lender that your extra payments should be applied to principal, not interest. Otherwise, your lender might apply the payments …

How to Pay Off a 30-Year Mortgage in 15 Years: Tips & Tricks

Once that question is answered, be sure to tell your lender if and when you make extra payments that you want that money applied to principal.

We also offer three other options you can consider for other additional payment scenarios. […]