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What Happens If I Pay An Extra $1000 A Month On My Mortgage? [Solved]

Throwing in an extra $500 or $1,000 every month won’t necessarily help you pay off your mortgage more quickly. Unless you specify that the additional money you’re paying is meant to be applied to your principal balance, the lender may use it to pay down interest for the next scheduled payment.4 Aug 2022

$1000 extra mortgage payment saves how much interest?

How much interest can be saved by making just one

Paying extra on your loan: The RIGHT way to do it! (Monthly vs Annually)

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Should I pay extra on my mortgage?

A comparison between