New answers tagged amortization
1
vote
Additional principal payment split between interest and principal
I made an additional payment with my first mortgage payment
I have found it is much clearer if the additional payment is done as either a separate check, or as a separate transfer. I make my ...
- 126k
0
votes
Additional principal payment split between interest and principal
Read your loan documents or reach out to your lender.
Usually there's a minimum amount you need to meet before it's applied to the principal and/or you need to flag it explicitly.
- 7,604
Top 50 recent answers are included
Related Tags
amortization × 88mortgage × 37
loans × 37
calculation × 18
interest × 15
united-states × 11
principal × 8
financial-literacy × 6
repayment × 5
depreciation × 5
interest-rate × 4
home-loan × 4
real-estate × 3
banking × 3
first-time-home-buyer × 3
payment × 3
compound-interest × 3
assets × 3
taxes × 2
income-tax × 2
canada × 2
auto-loan × 2
expenses × 2
financing × 2
adjustable-rate-mortgage × 2