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.

May I send extra money to help payoff my loan?

April 26, 2017extra help loan money payoff send

0

Posted

May I send extra money to help payoff my loan?

1 Answer

0

Posted

Yes. Please note that any amount sent over and above the regular payment will be applied first to any outstanding charges or delinquent payments, and then to principal. Please refer to your Note for specific information on partial prepayments and to verify if there are any prepayment penalties.