View Single Post
Old 01-28-2012, 01:03 PM   #26
2queens&1princenmyhouse's Avatar
2queens&1princenmyhouse
Registered Users
seller
 
Join Date: Sep 2009
Location: MO
Posts: 4,537
My Mood:
Re: Is it true....mortgage question

Quote:
Originally Posted by KrisM View Post
No. I would not make that assumption. Banks do weird things. They might be holding it and then applying it to the next month's payment or something. I'd look at your statements and see what the payments are doing.

Paying more is a great thing to be able to do! We paid off our last house in 2 years, because I was working. This house will be about 10 instead of 15.
We have had this happen on almost any loan we've ever had. We had to specifically state that the extra was to go to principal. Student loans are the worst for doing this IME.
__________________
Kristin, wife to Dan (14 years) , mom to Abby (13)
Emma (11) and Owen (6)
I cd my daycare kids! That's why I still hang out here!
Get craft kits from Kristin's Crafts for Kids and on FB
2queens&1princenmyhouse is offline   Reply With Quote