The tides there range from 3.5m (11ft) to 16m (53ft) and cause erosion, creating massive cliffs. This erosion also releases nutrients into the water that help support marine life. Currents associated with the tides are called flood currents (incoming tide) and ebb currents (outgoing tide).
Once that monthly interest is paid, anything additional can be applied to the principal, and this will lessen the amount of future interest you will pay on the loan.At the same time, any payments that you make will always pay the current interest due first. Hereâs an example :. I donât believe you can make a âprincipal onlyâ payment, call your servicer to find out for sure. However, as long as you are making the contracted principle and interest payment, most contracts allow for prepayments without penalty.
There are elements of your mortgage payment that are tax deductible, namely your mortgage interest and property taxes. Under certain circumstances you may be able to deduct other expenses, but your principal payments on your mortgage are never deductible.Before you file your taxes, make sure you've left no deduction unturned, but don't make the mistake of giving yourself tax breaks that aren't allowed.rincipal payments are still not tax deductible, but you can deduct most other expenses. Mortgage interest, homeowners insurance, and real estate taxes are all deductible and offset any rental income. Landlords must file a Form 1040 Schedule E, which details all expenses plus rent intake.