3 years ago

3. When making an extra payment on an amortized loan, where does the extra money go?

2 answers:

7 0

Extra payment made reduces the amount of interest and shorten the amortization, as long as the payment goes towards the principal, and not the interest

Makovka662 [10]3 years ago

6 0

i would think it goes to them or like the bank

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Below

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