Can I make extra payments on my mortgage?

Asked 6 months ago
Yes, you have the flexibility to make extra payments on your mortgage with Franklin American Mortgage Company. We understand that your financial situation may change, and you may choose to contribute additional funds towards your loan. Making extra payments can help you reduce your mortgage balance and potentially save on interest over time. It is important to note that each extra payment you make will go directly towards the principal amount, which will accelerate the payoff of your loan. Should you decide to make extra payments, you can conveniently do so through various options like online banking, automatic payments, or by sending a check. We are here to assist you with any further questions or concerns you may have regarding making extra payments on your mortgage.
Answered Nov 1, 2023

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