Submitted by TenDogsInATrenchcoat t3_126nqo7 in personalfinance
Cautious_General_177 t1_je9zxo7 wrote
Reply to comment by Krossrunner in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat
And, as an added bonus, the majority of your mortgage payments goes toward the interest for the first 5-10 years. Note: typically additional payments or “overpayments” go directly to principal, but check your paperwork to verify
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