I would like to try and put more towards our mortgage loan when we have the extra funds. I read if you break up one payment between the 12 months and put that extra towards the monthly payment you could pay it down quicker. Obviously it makes sense, but am I going to be saving or just paying it down quicker?
My goal is to eventually pay our mortgage down some so we can re-do our kitchen. I don’t mind waiting because prices have drastically increased for construction/home improvements and it is functional. Just a bit drafty and stuck in the 80s.
Thank you for any advice.
Submitted June 12, 2021 at 09:47AM by CoastHer https://ift.tt/3cELb2a
