If you could make extra payments on a mortgage, is it more beneficial to do it earlier during the loan term or later? Explain.

Choose the correct answer below.

A.

It would be more beneficial to do it later. Paying more earlier increases the amount due in interest.

B.

It would be more beneficial to do it later. Paying more later reduces the principal faster.

C.

It would be more beneficial to do it earlier. Paying more earlier reduces the principal faster.

D.

It would be more beneficial to do it earlier. Paying more later increases the amount due in interest.