Extra mortgage payments? - Loan Modification - Free Foreclosure Help

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11-01-2010, 03:05 PM

Curious In Ohio Curious In Ohio is offline

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Join Date: Nov 2010

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Extra mortgage payments?

Is it a good strategy to pay extra principal per month or no? I have a $163,000 mortgage over 25 yrs at 5.5%. With property taxes and home insurance rolled in I am paying $1326 per month. I'm thinking $100 extra a month would be a good start to reducing the length of the loan? Any input will be appreciated...serious only please. Thanks!

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