Its low risk to have a home paid for, but making extra principal payments on a home is risky! (allfinancialmatters.com)
When you make additional principal payments on a fixed - rate mortgage, you pay off the mortgage more quickly. (humbledollar.com)
For example, a $ 10 million note with a 10 year final maturity will require equal annual principal payments of $ 1 million plus accrued interest. (bnd.nd.gov)