I just checked my account status at Wells Fargo and I saw that my payment was applied on Monday, June 16th. Not bad, considering that my check was sent on Thursday, June 12th. Pretty quick turn around. And the best part is that the $2,500 is still in my checking account as of 12am on June 18th.

Pros and Cons of the extra payment - Yes, it was tough sending in an extra $2,500, but it is great being able to look at my mortgage statement and to see the principal balance drop more in one month than it has in the past 10+ months. Stay tuned for more updates as I try to pay down my mortgage balance in half the time!