Question for the board…
To keep it even numbers
Let’s say I have a mortgage loan at 7% and still owe 500k on it.
If I had 150k would it be better to put down that money as a lump sum payment off the principal balance or just make about a 1-2k extra payment towards the principal every month???
To keep it even numbers
Let’s say I have a mortgage loan at 7% and still owe 500k on it.
If I had 150k would it be better to put down that money as a lump sum payment off the principal balance or just make about a 1-2k extra payment towards the principal every month???
