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h[_11_] h[_11_] is offline
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Default Pay mortage payment before due date?


"Bill" wrote in message
...
If a mortgage payment is due on the 30th of each month, is there any
advantage to paying it on the 1st of each month?

(Pay earlier than the due date each month)


Yes, depending on how your loan is set up, you'll be saving some interest
money by paying early. Very likely that you'll save a whole payment or two
by the end of the term. Maybe a lot more - depends on how the loan is set
up.