Does it make sense to pay my mortgage before the due date every month?

For example, if its due on July 1st, but I pay it on June 6th do I gain anything?Does it make sense to pay my mortgage before the due date every month?
you save on interest.Does it make sense to pay my mortgage before the due date every month?
not unless the specific mortgage you have credits you for early payments.





The best thing to do with extra money is invest it in the stock market if you have a long term investment outlook. mortgage rates are lower than the normal long term yield on stocks, so you are ahead of the game in the long run investing vs saving on interest payments, especially since mortgage interest is tax deductible.





But in terms of timing of payments, if it helps you manage your finances to pay early, go ahead and do it, its only going to waste the interest income on one payment for one month
Say your mortgage is due on the 27th of each month. You can send it in safely 5-10 days before and they give you a grace period aftewards. If you are trying to send it in to build up towards the principle, you'll need to add several $$'s towards that and the extra will go towards the prin.
It depends on your mortgage. Most mortgage companies will only credit the money as it is due. If that is the case, you gain nothing.





Check with the mortgage company.
just pay it before the late date
yes a little but not much since they have your money for almost a month. Send it in the 25th
yeah you gain 0's on your credit report where as a 1 is what you gain when you pay on time...1's are good but 0's are great! keep paying early!