quick question

[eg6sir]

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.. ??

 

[eg6sir]

B, where you at when i need you?

 

[reckedracing]

additional principal

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

 

[eg6sir]

sweet.. thanks..

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