[hrt]

I have to be totally honest, I don't understand how loans work.I have student loans and I have been overpaying for years and putting extra towards principal because that's what I have been advised to do! The minimum went from $200 to $115 over time...Do we have to overpay our monthly mortgage payment for our required "minimum" payment to go down, or will it go down on its own after a few years? Can you only get that minimum down by overpaying?We were advised to pay $100 more a month and it will take nearly a decade off our loan term. We are doing this, as long as nothing pops up (seems things usually do with houses!)Thanks...