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quick question

Discussion in 'Members' Lounge' started by eg6sir, Apr 28, 2008.

  1. eg6sir

    eg6sir Supa Mod Moderator VIP

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    well i'm about to send off my first mortgage payment.. it comes out to $1113.68 but i'm gonna send an even $1200 every month..

    now my question is:
    There are 3 boxes of where i can apply the extra $$ included in the payment.. Do i put it as additional escrow, additional principal, or other.. ??
     
  2. eg6sir

    eg6sir Supa Mod Moderator VIP

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    B, where you at when i need you?
     
  3. reckedracing

    reckedracing TTIWWOP VIP

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    additional principal

    this will directly lower the amount you owe the bank, thereby lowering your interest paid over the course of the mortgage
     
  4. eg6sir

    eg6sir Supa Mod Moderator VIP

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    sweet.. thanks..

    +rep for you.. (but it wont let me)
     
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