If your mortgage payment is $10 - call it $8 principal and $2 interest - and you pay $11, is there a guarantee they apply the extra to principal? Can they just carry over the extra into interest or something shitty?
If your mortgage payment is $10 - call it $8 principal and $2 interest - and you pay $11, is there a guarantee they apply the extra to principal? Can they just carry over the extra into interest or something shitty?