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You can overpay on your mortgage by any amount you choose, but be aware of any prepayment penalties or restrictions set by your lender.

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AnswerBot

7mo ago

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Related Questions

How to overpay mortgage payments to pay off the loan faster?

To overpay on your mortgage and pay off the loan faster, you can make additional payments towards the principal amount of the loan. This reduces the total amount of interest you will pay over time and helps you pay off the loan sooner. Contact your lender to ensure the extra payments are applied correctly to the principal.


What are the benefits of a flexible mortgage?

Some of the benefits that come with a flexible mortgage include being able to overpay your payments in order to cut down some interest. Also, you have the ability to underpay in certain situations that you might not have the right amount to pay.


Can you overpay taxes?

Yes, it is possible to overpay taxes by paying more than what you owe to the government.


What are some of the benefits of tracker mortgages?

Some of the benefits of tracker mortgages are: When done in certain economic circumstances, one could get a mortgage at very low interest rate. This creates the opportunity to overpay and thereby shortening the total length of the mortgage and thus reducing total interest paid.


What happens if I overpay estimated taxes?

If you overpay estimated taxes, the excess amount will be refunded to you by the tax authorities.


Did you overpay for plutonium in Chinatown if an Asian sold it to me?

no


What if I overpay my estimated taxes?

If you overpay your estimated taxes, you will receive a refund for the excess amount when you file your tax return. This refund will be issued by the tax authorities.


How much does it cost to fix an 8G Iphone?

Don't overpay to fix your iPhone. Do it yourself. I recommend the two links below. One is a guide on how to replace it. The other is a store for cheap iphone parts. iPhone Screen Guide: *1 iPhone Parts: *2 OR you can overpay....just go to your phone company and ask how much it is. By the way this is not Gibberish.


What is back tax returns?

Back tax refunds are when you overpay the government. It may take them awhile to catch, but if you overpay them, you will indeed get a back tax refund issued to you.


Are you debt free if you have a mortgage?

No. You are in debt as much as you still owe on the mortgage.


How much is a monthly mortgage payment?

That depends on the cost of the property and the interest rate of the mortgage. There are websites with mortgage calculators.


What happens if I overpay my estimated taxes?

If you overpay your estimated taxes, you will receive a refund for the excess amount you paid. This refund can be applied to future tax payments or returned to you as a check or direct deposit.