The most underrated money move in home ownership: what does an extra $100 or $200 a month actually do?
Every extra dollar goes straight to principal — and every dollar of principal you kill today stops earning interest against you for the entire remaining life of the loan. That's why extra payments early beat extra payments late.
Tip: even one extra payment per year (divide your monthly payment by 12 and add that) typically cuts 4–6 years off a 30-year mortgage. Check with your lender that extra payments are applied to principal, not "next month's payment."
Estimates are for education, not financial advice.
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