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From: dove@mit-bug.UUCP (Web Dove)
Newsgroups: net.consumers
Subject: principle only mortgage payments
Message-ID: <480@mit-bug.UUCP>
Date: Sat, 16-Nov-85 14:06:13 EST
Article-I.D.: mit-bug.480
Posted: Sat Nov 16 14:06:13 1985
Date-Received: Mon, 18-Nov-85 07:21:05 EST
Reply-To: dove@mit-bug.UUCP (Web Dove)
Organization: MIT Digital Signal Processing Group
Lines: 8

I have heard it said that one could make additional "principle only"
payments if the standard monthly payment was also met.

1) Can anyone verify this?

2) Would one of you mortgage calculators figure out how much would be
saved if one made a second "principle only" payment each month of say
1/2 the size of the standard payment?