View Single Post
  #3 (permalink)  
Old 06-23-2005, 10:02 PM
obi_positive obi_positive is offline
$ Saving Fifth Grader
 
Join Date: Mar 2005
Posts: 39
Points: 1066.00
Donate
Default Re: Paying on Mortgage early

Depends on your lender and the terms. Some mortgage companies won't process your payment until the first of the month no matter how early they get it. Extra payments are good, perhaps you could add even more principal instead of paying two weeks early.

Or say you'd like to finish paying off your loan in 9 years, use a financial calculator to tell you what payments you should be making at your interest rate to achieve that goal.
Reply With Quote