Can I make extra payments towards my loan?

Yes, Residential Credit Solutions (RCS) typically allows borrowers to make extra payments towards their loans. This option can be beneficial for those looking to pay off their loans faster or reduce the interest they will pay over the life of the loan. However, it is always advisable to review the specific terms of your loan agreement, as there may be guidelines regarding how extra payments are applied. Some lenders have particular policies on whether extra payments go toward principal reduction or other fees. Additionally, if you are considering making extra payments, you may want to check whether there are any prepayment penalties associated with your loan. For the most accurate and up-to-date information, it is wise to visit the official website or refer to your loan documentation.