What your bank hopes you never learn 
Making extra payments on your mortgage can potentially save you a LOT of money.
Here’s why:
Every extra dollar you pay toward the principal lowers the amount you owe.
That means:
Less interest paid over time More equity in your home A faster path to owning your house outright
A few things to remember: The sooner you make extra payments, the more they help. Small extra payments add up. You don’t have to wait until you can make a huge one. Ask your loan servicer to apply extra money to principal only.
Even one extra payment each year can make a big difference over the life of your loan.
Save this post for later and send it to someone who owns a home. 