@marcexplains: Most of your early mortgage payments go to the bank, not your house. 🏠 Follow me for more simple ways to keep more money in your pocket. how to pay off your mortgage faster / pay extra toward principal / 30 year mortgage interest / how mortgage interest works / pay down mortgage principal #mortgagetips #payoffmortgagefaster #homeownership #principalpayments #financialclarity

bryansluck :

I don't think a lot of people have extra money to add to the payment, I know I don't 😏

Zeppie :

Sounds all good but who had three times the money for principal to pay extra every month?

KMONEY :

My mortgage is 3,459 how tf am I supposed to do that ???

Kelly Rae Hass ❌ :

My principal is $780 I pay an extra $800 every month towards principal

digitalfay :

My principal is $355 and interest is $408….. that is diabolical……😳😳😳😳

AFRO-MIX RE-INTEGRATION❤️AMRI :

That's true 👍

Rapunzel81 :

I’m almost 14 years into my mortgage so my loan amount and my interest amount are just about equal now finally!!

[email protected] :

cant afford that

celiedebrosse :

Thankyou make sense

Azajuawhi :

atomization charts will break this down.

Rogmo :

only if one can afford to do it.

Zaki🇺🇸 :

How long will it take to do that?

meh25378655 :

we double our payments due to possible Escrow shortages due to property taxes going up. We can afford it because we bought a starter house.

AncestorSpirit :

Who can afford 3X their mortgage principal amount per month ? Please Stand Up right now!

Adela@k :

What’s new here? And how many people have enough to pay extra

Whodat :

I paid 3 payments to my principal and payment went down by 300

LAMARTHEMODEL :

or just pay add an extra payment a year towards your principal

Sandra Jackson :

Hence, the importance of NOT buying a home you can barely make payments. Start with a small home, then buy a larger one later.

Kim Jones :

Thank you for the advice

Chadley love god first💪🏽 :

Got it

Snoop froggg🐸 :

Brooo talk fast aaah

Adi9 :

Is this works for car payments too??

Lady Fran Finds :

Same thing goes for car notes

Gavin :

ItsDysha :

I think this information is very helpful. But if you have a Usda direct loan, it doesn’t exactly apply to you in the same way because there is a payment recapture (once you sell) from the payment subsidy that they are going to be giving you.