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re: Trying to make twice a month mortgage payments
Posted on 3/12/16 at 3:12 pm to MikeBRLA
Posted on 3/12/16 at 3:12 pm to MikeBRLA
Okay, I understand that "pay down the interest" might be a confusing statement. The way I am using it means that I am paying more/earlier to benefit from having to pay less interest over the lifetime of the loan.
1
Posted on 3/12/16 at 6:41 pm to Stingray
You have the make the full payment and then a partial payment. Halving the payment makes a partial payment which your mortgagor has indicated is not acceptable.
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