My wife and I were lucky enough to lock in a 3.5% rate during COVID, and I’ve been adding an extra $50 to our principal every month to chip away at the loan. I'm starting to wonder if just making one $600 payment once a year would go the same distance as those twelve $50 payments. It might be a dumb question, but I want to make sure I’m actually being efficient with the extra cash. Does the timing of these principal-only payments really matter for the interest in the long run, or does it all balance out the same? #Homeowners #MortgageTips #FinancialAdvice #PrincipalPayment #DebtFreeJourney