Any mortgage experts here?
I've noticed that my bank has been pulling my automatic mortgage payment a few days early for some time. An example is my May 19 payment came out yesterday morning May 15 from our account.
I'm not sure if there should be a corresponding reduction in interest paid as the payment is coming out early or if it would be an amount worth looking into.
We have $73,000 remaining at 5.31% fixed and pay $303 bi-weekly locked in for another 7.8 years.
I will be calling the bank Tuesday morning and any input in the mean time would be appreciated.
Thanks.
I'm not sure if there should be a corresponding reduction in interest paid as the payment is coming out early or if it would be an amount worth looking into.
We have $73,000 remaining at 5.31% fixed and pay $303 bi-weekly locked in for another 7.8 years.
I will be calling the bank Tuesday morning and any input in the mean time would be appreciated.
Thanks.
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