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Old 08-20-2007, 02:27 PM
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Default Is there a method to lower principal balance on

mortgages? If you pay every other week or every week, does this help? I do not have a lot of extra money to put towards this monthly payment of $2700 so if I split it up will it lower principal faster? What is the correct way to do this?
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Old 08-20-2007, 02:28 PM
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it might lower your principal a little bit faster, since the balance is outstanding for a shorter time. the difference will be almost negligible, though.
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