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Updated about 1 year ago, 10/19/2023

Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
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1,254
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Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
Connect
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
342
Votes |
1,254
Posts
Personal Finance

paying down a 30 yr fixed mortgage

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular payment contribute more money to principal than interest? Or do principal payment not affect the payment schedule?

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