Principal Curtailment: Reducing Your Mortgage Burden Options
Principal Curtailment: Reducing Your Mortgage Burden Options
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Making lump sum payments on a mortgage is a great way to pay down the principal and shorten your amortization. But unfortunately it will not change your monthly payments. The sum you put into your mortgage gets applied directly to the principal outstanding without making any changes to the term or the payment itself. #mortgage #mortgagetips #interestrates #mortgagebroker
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