Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
Quick amortization question
Hello Biggerpockets,
I have a quick amortization payment. I recently refinanced my home and noticed that with every monthly payment I make and additional 99 cents goes towards the principal instead of the interest. Is this due to time or principal balance? In other words, if I gave an additional $10k right now would my interest payment still only drop by 99 cents in next month's bill?