Hey Guys,
Kind of a dumb question but let's say I have a monthly mortgage payment that is $100 principal/$50 interest. Let's say I get a large lump sum of money and want to put it towards the Principal so I put $1000 towards it. Will this lower my principal payments going forward since i put in a large one lump sum into it? Would i need to refinance to see "monthly" savings?
Thanks
Submitted June 26, 2017 at 05:07PM by bonethugsisgood http://ift.tt/2rV82Np
