If I pay the advance principal on my mortgage each month will it paid in half the time?

well you dont say how much you're going to give them.

if you're gonig to hand over two payments a month for the term of the entire mortgage, sure

it will...cut it by 50%........ any extra dollars s;ubmitted is applied to principal outstanding...

and reduces the interest expense each month even if you cant send em two payments a month..

it helps with less money you will owe them in interest expense. you have to determine what

you can swing in sending extrea money to them

I don't know if it's half, but it's a huge chunk of time you will cut off from the term of the loan. It's a great idea if you can afford it. Just make sure that the additional amount is applied to principal and not next month's payment.

Very close. Visit bankrate.com. I have paid off 4 30 years mortgages in about half of the time doing the same thing. Of course, a couple of those homes were rental properties.