tag:blogger.com,1999:blog-18401199.post-1143562794723342272006-03-28T09:18:00.000-07:002006-03-28T09:19:54.753-07:00The stats show if you make an extra $100 payment per month towards your principal, you can knock NINE YEARS off the loan. Basically, you are reducing the amount of interest on your loan every year. Now your payment will not decrease every year, that will stay the same, but your amount owed will decline. If you are planning on being in your home for a while (more than 10 years) I highly recommend this technique.dannyandjenhttp://www.blogger.com/profile/13025601135312794269noreply@blogger.com