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30-yr fixed mortgage loan

will paying extra payments reduce the monthly payment overtime? by msherr275 from Dade City, Florida. Dec 24th 2019 Reply


No it won't reduce your monthly payment but it will reduce the interest you pay and you would pay the mortgage off earlier.

Dec 25th 2019
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Barclay Butler (Barclay)
#84 ranked lender in Illinois - 74 contributions

No it will not reduce the monthly payments. It will reduce amount of interest you pay over the life of the loan.

Dec 26th 2019
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