Question to when to pay additional principal in the mortgage# Living
p*a
1 楼
Hi,
I am planning to pay additional principal. I was wondering if there is any
difference for when to make this payment.
I heard someone mentioned it's better to pay the additional principal at the
end of the month to save the interest charged. For example, is there any
difference for the interest I pay to the lender in the following two
scenarios when I pay the same amount of additional principal?
(1) Pay today May 9th
(2) Pay on May 31st
Thanks.
I am planning to pay additional principal. I was wondering if there is any
difference for when to make this payment.
I heard someone mentioned it's better to pay the additional principal at the
end of the month to save the interest charged. For example, is there any
difference for the interest I pay to the lender in the following two
scenarios when I pay the same amount of additional principal?
(1) Pay today May 9th
(2) Pay on May 31st
Thanks.