If I make extra payments, should I ask my lender to apply them to my principal balance? Yes. If you make extra mortgage payments, you should ask your lender to apply them to the principal balance. Otherwise, the lender could use the funds to prepay your monthly mortgage payments. The Bo...
service. I happen to earn a substantial salary, so I'm not usually concerned about my bank balance running low during the month. I just like the convenience of not having to worry about paying the utility or cable bill every month. I know when my mortgage payment and car payment will ...