Daily Archives: November 6, 2012

Pay Ahead or Pay Down? It Can Be Confusing

November 6th, 2012 11 Comments

Recently we refinanced our mortgage. The transaction closed in August with the first payment due in October. Rather than take a month off from making a mortgage payment we made an unscheduled payment in September to reduce the principal right off the bat. We sent a letter with the payment and wrote “Principal Prepayment” on […]