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Updated over 11 years ago,

Mark Hu's profile image
Mark Hu's profile image
Mark Hu
  • Real Estate Investor
  • from Huntington Beach, California
  • Member since Mar 14, 2008
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User Stats

221
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9
Votes
Mark Hu's profile image
Mark Hu's profile image
Mark Hu
  • Real Estate Investor
  • from Huntington Beach, California
  • Member since Mar 14, 2008
Connect
Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
9
Votes |
221
Posts
Private Lending & Conventional Mortgage Advice

Are extra payments deducted directly from principal?

Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
Posted

I've read that when you pay above your normal mortgage payment each month, the extra amount is deducted directly from principal. Is this true, and do all lending institutions follow this?

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