Live mortgage free.

Fill out this form to learn how we paid off our mortgage in less than 5 years. And no, we didn't win the lottery. You'll also receive periodic updates from me to help you take your family to the next level.

August 16, 2021

How to Pay Extra on the Mortgage (Principal, Not Interest!)

Woman writing check

This post may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this site is for entertainment purposes only and should not be considered as professional advice.

Yolanda wants to pay extra toward her mortgage but she’s not sure if she’s doing it correctly.

Holden Lewis, a Mortgage Expert from NerdWallet, joins me to help her out. We discuss how to ensure your extra mortgage payments are going toward the principal and how refinancing your mortgage may fit into the picture.

Episode Overview

Holden Lewis and I review the following:

  • When you're paying extra on the mortgage, how to ensure it's going to the principal
  • How to determine how much extra you should pay toward your mortgage
  • Why a cash out refinance may not be the best move financially

I was excited to support Yolanda with her question and I look forward to hearing if this chat helped her. If you're looking to pay extra on your mortgage, check out our episode and see if it helps you too!


Guest Bio – Holden Lewis

Holden Lewis is NerdWallet’s authority on mortgages and real estate. He has reported about mortgages and housing since 2001, covering mortgage rates, trends in the housing market, and home buying and selling strategies.

Holden Lewis Resources

Other Content You Might Like

Sponsors and Recommended Tools


Tello: Cell phone bill too high? Find a plan with Tello for around $10 per month on the T-Mobile Network!

Firstly: Smart budgeting tools and real-life advice to get you on the path to family financial wellness. Learn more today!

MKM Podcast Resources

Carpe Diem Quote

A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.

 Barbara Corcoran

Are you working on paying extra on your mortgage?  Do you like the advice from Holden Lewis?

Please let me know in the comments below.

Andy Hill

Andy Hill is the award-winning writer, speaker and podcaster behind Marriage, Kids and Money - a platform dedicated to helping young families build wealth and thrive. Andy's advice and personal finance experience has been featured in major media outlets like Business Insider, MarketWatch, Kiplinger’s Personal Finance and NBC News. Trusted as a personal finance influencer and corporate financial wellness speaker by global brands like JLL, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys wrestling with his two kids, singing karaoke with his wife and watching Marvel movies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Marriage Kids and Money Podcast
About Marriage Kids & Money

Every Monday, The Marriage Kids and Money Podcast provides you with actionable advice to help you win with money.

We’ve interviewed over 200 millionaire entrepreneurs, award-winning authors and personal finance experts all with the goal of saving you money, making you money and protecting your family’s future.

Fridays, you'll hear me and my wife Nicole discuss life, money and relationships on our show "Bread & Wine".

Scroll to Top