Ok so I am a little over a year into my mortgage. 30 year @ 6.3%. For the last 5 months or so I have been putting an extra 100 down towards the principle. Not alot but I heard this is supposed to be a good thing. Thing is I don't know why. I am supposed to be coming into a sizeable return from work in a couple of months.. about 12 grand or so and was thinking of putting some of that towards my principle. BUT once again I don't know what that will solve or how it would help me. I feel like a moron when it comes to this stuff. Can someone explain to me, in retard terms, how this helps and how I would actually SEE the rewards from this.. or cons.. Note to young 'uns.. enjoy life NOW. not saying it sucks that much when you get older but but less responsibility = more gooder..