Posted by BR on March 20, 2000 at 07:16:44:
Hi Phil, if you feel more comfortable with the second check by all means do so however, it is not necessary to write a second check. I’ve been paying extra by just one check since the inception of one loan in particular with no problems. All that is necessary is to tell them where to apply the extra funds. I believe there is a federal law that requires them to do so if instructed. It is a great idea to pay extra especially early in the life of the mortgage where you will gain the most benefit by doing so.