World's Largest Mortgage Community

paying ahead - one month?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
belforddon Guest	Posted: Wed Jul 01, 2009 11:26 am    Post subject: paying ahead - one month? 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,,, _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
greg1 Joined: 29 Jan 2008 Posts: 77 Location: Chillicothe, OH 24.48 Dollars($)	Posted: Wed Jul 01, 2009 2:03 pm    Post subject: A payment is due every month. You can never pay ahead. It helped you because the majority of that payment paid down your principle. _________________ Greg Phillips Mortgage Professional Web: Home Blog Message Board

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0