Extra Principal Payment

[copypasta]

boys use this calculator don't postpone 

by paying and extra amount to PRINCIPAL every month you save a ton 

https://www.ramseysolutions.com/real-estate/mortgage-payoff-calculator

 

[8pm]

2 hours ago, copypasta said:

boys use this calculator don't postpone 

by paying and extra amount to PRINCIPAL every month you save a ton 

https://www.ramseysolutions.com/real-estate/mortgage-payoff-calculator

 

[Anta Assamey]

[copypasta]

38 minutes ago, 8pm said:

@Anta Assamey if you make additional payment of 1k on 600k loan you will save close to 150k on interest 

[Brahmam_Khammam]

You can only recast the loan once in the entire duration of loan, unless you refi.

so, what will be the use of paying extra principal payments in between?

[JANASENA]

so for ex my mortgage is $1400 I pay $1500 will that $100 go towards principal payments?

[phatposts]

12 minutes ago, JANASENA said:

so for ex my mortgage is $1400 I pay $1500 will that $100 go towards principal payments?

For many processors you need to mention that explicitly. 

leka pothe donga naa dash gaallu escrow reserve etc pakkana pedtaru. intent is to make sure your outstanding principal stays high so you are a better customer for them. 

[DallasKarreBaluGandu]

4 hours ago, copypasta said:

boys use this calculator don't postpone 

by paying and extra amount to PRINCIPAL every month you save a ton 

https://www.ramseysolutions.com/real-estate/mortgage-payoff-calculator

 

Ramsey ekada untadu dallas ?

[JANASENA]

6 minutes ago, phatposts said:

For many processors you need to mention that explicitly. 

leka pothe donga naa dash gaallu escrow reserve etc pakkana pedtaru. intent is to make sure your outstanding principal stays high so you are a better customer for them. 

super bro nuvvu baaga explain chesav. Thanks will call my bank

[copypasta]

23 minutes ago, JANASENA said:

so for ex my mortgage is $1400 I pay $1500 will that $100 go towards principal payments?

no, you have to make seperate payment to principal after you monthly payment 

all lender banks  should/will show an option to make direct payment to principal account 

[JANASENA]

4 minutes ago, copypasta said:

no, you have to make seperate payment to principal after you monthly payment 

all lender banks  should/will show an option to make direct payment to principal account 

Thanks bro will call the bank

[copypasta]

23 minutes ago, DallasKarreBaluGandu said:

Ramsey ekada untadu dallas ?

Ramsay is a English Scottish surname broo 

[DallasKarreBaluGandu]

Just now, copypasta said:

Ramsay is a English Scottish surname broo 

grandfathers born in india and migrated to UK scotland for labor slavery work ani @DallasBaluKarry annadu

[appaji_pesarattu]

45 minutes ago, JANASENA said:

so for ex my mortgage is $1400 I pay $1500 will that $100 go towards principal payments?

when u login to your payment portal it should show you different options for that extra payment and how you would like to apply that... either principal or next month payment or escrow

[HugoStrange]

1 hour ago, DallasKarreBaluGandu said:

Ramsey ekada untadu dallas ?

nashville