Home Maintenance Guide
Should You Make an Extra Mortgage Principal Payment?
Extra principal can reduce interest, but consider emergency savings, higher-cost debt, penalties, taxes, retirement goals, and liquidity first.
Check CO Detector Expiration Date
Check the expiration or replacement date on carbon monoxide detectors. Replace expired detectors.
Does it reduce interest?
Generally, when correctly applied to principal.
Is there a penalty?
Some loans have restrictions; check the note.
Should savings come first?
Liquidity and expensive debt deserve consideration.
Does it lower the payment?
Usually not without a recast or refinance.
Turn this advice into a simple home-care routine.
Correct Home Care can email you when it is time and keep the important details handy when you need them.
General guidance reviewed against Consumer Financial Protection Bureau. Follow product instructions, local requirements, and qualified professional advice for your home.