Pay mortage payment before due date?
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From: Bill on 8 Feb 2010 12:04 If a mortgage payment is due on the 30th of each month, is there any advantage to paying it on the 1st of each month? (Pay earlier than the due date each month)
From: jeff on 8 Feb 2010 12:10 Bill wrote: > If a mortgage payment is due on the 30th of each month, is there any > advantage to paying it on the 1st of each month? > > (Pay earlier than the due date each month) That all depends on how your mortgage is written! Jeff > >
From: h on 8 Feb 2010 12:13 "Bill" <billnomailnospamx(a)yahoo.com> wrote in message news:7taugmFnu8U1(a)mid.individual.net... > If a mortgage payment is due on the 30th of each month, is there any > advantage to paying it on the 1st of each month? > > (Pay earlier than the due date each month) > Yes, depending on how your loan is set up, you'll be saving some interest money by paying early. Very likely that you'll save a whole payment or two by the end of the term. Maybe a lot more - depends on how the loan is set up.
From: Rod Speed on 8 Feb 2010 13:18 Bill wrote: > If a mortgage payment is due on the 30th of each month, is there any advantage to paying it on the 1st of each month? > (Pay earlier than the due date each month) Depends on how the interest is calculated, there is with some loans.
From: VFW on 8 Feb 2010 15:03
In article <hkpghi$a2$1(a)news.albasani.net>, jeff <jeff_thies(a)att.net> wrote: > Bill wrote: > > If a mortgage payment is due on the 30th of each month, is there any > > advantage to paying it on the 1st of each month? > > > > (Pay earlier than the due date each month) > > That all depends on how your mortgage is written! > > Jeff > > > > who would be the best bet to analyze your mortgage with frugality in mind, An accountant? -- Hint; Enjoy the moment ! |