Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I make additional principal payments on Automatic Direct Debit?

0
Posted

Can I make additional principal payments on Automatic Direct Debit?

0

Additional principal payments can be drafted on a monthly basis along with your regular monthly payment. The additional principal amount must be the same amount each month. Please notify us of your desire to do this by e-mailing us at payments@mortgagequestions.com. If you wish to occasionally make additional payments to your principal, your check should be mailed to The Mortgage Service Center, P.O. Box 5457, Mt Laurel, NJ 08054-5457, Attn: Payment Processing SV-19. You may also make a principal curtailment for a small fee after your account drafts for the month by visiting www.MortgageQuestions.com; the amount will be automatically taken from your bank account.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123