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What is a principal prepayment?

Benjamin Brown | 2023-06-13 10:02:11 | page views：1751
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Ethan Mitchell

Works at the International Criminal Police Organization (INTERPOL), Lives in Lyon, France.
Additional principal payments are the best way to pay down your mortgage faster. By reducing the loan balance, you reduce the interest expense on the loan, thereby shortening the loan term. However, you want to make sure the lump-sum payment doesn't trigger a prepayment penalty on the loan.Jul 17, 2009
2023-06-19 10:02:11
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James Martinez

QuesHub.com delivers expert answers and knowledge to you.
Additional principal payments are the best way to pay down your mortgage faster. By reducing the loan balance, you reduce the interest expense on the loan, thereby shortening the loan term. However, you want to make sure the lump-sum payment doesn't trigger a prepayment penalty on the loan.Jul 17, 2009
Prepay mortgage principal, not interest - Bankrate.com
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