A payment made by a borrower of more than the scheduled principal amount due. You might do this if you want to more quickly reduce the remaining balance owed.

A payment by a borrower of more than the scheduled principal amount due in order to reduce the remaining balance on the loan.

A payment by a borrower made in excess of the required monthly payment in order to reduce the remaining balance on the loan.

An amount paid by a borrower of more than the scheduled principal amount due. This type of payment reduces the remaining balance and shortens the term of the loan. Also called a "principal curtailment."

A way to reduce the remaining balance on the loan by paying more than the scheduled principal amount due.

Paying more than the scheduled principal amount due in order to reduce your remaining balance.

A one-time or lump-sum payment made by a borrower in addition to the regular payments on a loan or mortgage which reduces the principal owing on the debt.

Payment more your monthly mortgage payment amount. It can be applied to the remaining principal amount of the loan.

A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.

Payment over and above your monthly mortgage payment amount, which can be applied to the remaining principal amount of the loan.

Monies paid by the borrower in addition to the principal amount due, usually monthly. If you have extra money occasional months, it's a good idea to make additional principal payments in order to more quickly reduce your remaining balance.

Extra money included in the monthly payment to help reduce the principal and shorten the term of the loan.

Additional funds outside of the scheduled loan payment to reduce the principal balance and shorten the term of the loan.

If you want to pay off a loan early, an additional principal payment is the way to do it. In amortized loans, such as most mortgages and auto loans, most of the early payments go toward principal. Making at least one extra payment a year can cut the length of a loan by as much as a quarter and sharply reduce the total interest paid.

Payment made in excess of the required monthly payment, therefore, reducing the principal and shortening the term of the loan.

Extra money included with a loan payment to pay off the amount owed faster. This practice reduces the amount of interest paid.