How to make Extra Payments to Principal?

[Erin Monday]

Hi! Does anyone have any tips on how to go about making extra payments to mortgage principal? I'm a contractor right now so my salary is constantly changing, but as soon as I get paid, I'd like to make some small extra payments towards principal .. any help is much appreciated!! Thank you!!

[Account Closed]

Originally posted by @Erin Monday:

@Aaron HowellSeems like a good thing to do when I can afford it, right? 

Why would you want to pay a 2046 expense with 2016 money?  You will be much better off keeping that extra money available in a liquid investment.  If you don't have a contract next year the mortgage company will still want regular payments and won't care that you made the payments for 2046 early.  You could lose your house doing this.  Better to have the cash to pay bills AS THEY COME DUE!