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If you make extra mortgage payments is the extra principle applied to the end of the loan thereby eliminating end-of-the-loan payments?

April 26, 2017applied eliminating extra loan mortgage PAYMENTS Principle

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If you make extra mortgage payments is the extra principle applied to the end of the loan thereby eliminating end-of-the-loan payments?

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The principle payment(s) are applied as you make them. Reducing the number of monthly payments. Instead of paying for 180 months you might only pay for 72 months. Your original payment amount stays the same, you just don’t pay as long.