Can I make extra payments towards my loan principal?
Asked a year ago
Yes, you can make extra payments towards your loan principal with Homestead Funding Corp. We understand that some borrowers may have the financial capability to make additional payments towards their loan balance. Making extra payments can help you reduce the length of your loan term and save on interest costs over time. You can make these payments at any time throughout the life of your loan. It is important to note that while you can make extra payments, there may be certain terms and conditions associated with your specific loan agreement. It is recommended to contact our customer service department or your loan officer to ensure a smooth and efficient process for making extra payments towards your loan principal.
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