There is no reason to make the January payment this early.
Servicers have automated systems. December interest isn’t due until Jan 1st.
Depending on when your servicer sends out your next statement, you run the risk of having your payment credited ALL to principal as a reduction, and not to your January payment.
Make sure that your payment posts the way you intend it to.
Always safer to wait until statement is printed. Payment made the last week of December counts the same as payment made today.
What’s your loan balance & current interest rate ?
You may benefit by refinancing to a lower rate at no cost AND get rid of impound acct. Saving just a 1/8th of a point (.125%) can save a lot of money over time.[/quote]
OK. Good news. My servicer accepted my Jan 1st payment. And the interest paid is reflected in my 2017 interest amount.
It also looks like my Servicer paid the property tax installment for me. The property tax was due in March 2018, but they paid it on Dec 4th. I actually owe them $115 on my Escrow account. I guess the representative with whom I chatted must have understood that I wanted them to pay my property tax early.
I refi-ed last year to 3.375% on my 30 year. I guess that will be my last refi. I have refi-ed 3 times in 3 years. The yield premium spread that you mentioned in another thread made a lot of sense, and I got rid of all my PMI after the 2nd refi. It is really a shame I do not know your real life identity, otherwise, I would suggest you for friends who are looking to buy.
