Can I make a principal payment to my mortgage?

You have the ability to make a principal payment to your mortgage in several ways. Additional principal payments may be made any time after your regular monthly payment has been satisfied.  Here are your options:

1. Submit a principal-only payment through our Online Banking system from a Third Federal deposit account. Use the Move Money tab in the top menu.
2. Set up an additional monthly principal payment to be deducted from your Third Federal checking account each month.  This would need to be the same amount each month and would be deducted on the same day as your mortgage payment.
3. Mail us a check (or drop off at a branch) and write your loan number in the comment section of the check. Make sure to include a note that tells us to apply the funds directly as a principal only payment. Our mailing address is: Third Federal Savings, PO Box 94974, Cleveland, OH  44101-4974.

Related Items

• What happens to the loan caps and rate floor if I choose to relock?
• Does Third Federal charge any prepayment penalties?
• Does Third Federal have "No Cost" or "Low Cost" mortgage options?
• Can I remove a person from my mortgage?
• When is my mortgage payment due?
• What are some key terms for an adjustable rate mortgage?
• I want to change my loan type before closing. What can I do?
• Should I pay discount points to obtain a lower interest rate?
• Can I get preapproved for a mortgage?
• What costs are involved in getting a mortgage?