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Personal Finance and Investing

Common Sense Party

(14,139 posts)

1. My understanding has been that if you explicitly tell them to apply to

Reply to yodermon (Original post)

Fri Jun 8, 2012, 02:17 AM

Jun 2012

the principal only, they will do so. But you almost have to hit them with a brick to make sure they understand that's what you want. Since each institution is different, I would definitely call and speak to someone who knows what they are talking about and write down their full name and extension, then ask exactly what you should do if you want your overpayment to be applied ONLY to the principal.

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Overpaying mortgage [View all] yodermon Jun 2012 OP

My understanding has been that if you explicitly tell them to apply to Common Sense Party Jun 2012 #1

thanks for the advice Csp yodermon Jun 2012 #2

I overpay mine online and it's fairly simple -- I add the extra $$ to the "extra principal" column K8-EEE Jul 2012 #3