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Reply to "Trying to pay more on house over time to decrease interest "
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[quote=Anonymous]Whatever is easiest for you. If it's easier to space the payments out for cash flow reasons, do the extra mid-month. If it's easier to only have one payment per month to keep track of, pay extra along with your normal payment. There are very minor differences in the interest you'll save (2 weeks interest on the amount of the extra payment), but that pales in comparison to the ability to stay consistent. So just do what's easiest and stick with it. -- Did this for 6 years, then dropped to a 15-year mortgage at essentially no change in monthly payment. House will be paid off 21 years after we moved in.[/quote]
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