30 YEAR FIXED RATE MORTGAGE PAYMENTS - PREPAYING PRINCIPAL AND IT'S IMPACT ON AMORTIZATION SCHEDULE? - interest only mortgage amortization schedule
If I have a $ 300,000 fixed rate of 5%, 30-year mortgage, $ 1650 per month and pay an additional $ 500/mth specifically to the amortization table Mortgage Capital Company will be re used - calculated each month? This is the monthly cost of low interest rates, not only because he, the interest per month on a fixed rate loan, but because the monthly payments of $ 500 designated to the Director? My mortgage broker said that although my client will be reduced by payments on my monthly principal and interest will not change in the original schedule, the deposit will be applied at the end of the loan (360 words, Installment) against the front end of the loan (ie 1 fee)? Is that correct? The forms are also its strength, "self-audit my mortgage payments to ensure that they are properly carried out? Thank you.
Thursday, January 21, 2010
Interest Only Mortgage Amortization Schedule 30 YEAR FIXED RATE MORTGAGE PAYMENTS - PREPAYING PRINCIPAL AND IT'S IMPACT ON AMORTIZATION SCHEDULE?
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2 comments:
Loan officer who is correct. the only way is 100% guaranteed, for the most important application in a separate record for the largest per month. Now there is no way to verify, but you can get a pay slip from time to time to check to the lender if you wish. Please note that your statement is not paid because they always after 1 months at interest, and then let the tax rate of 12 dollars and rates of re-transfer, pay, etc. --
Loan officer who is correct. the only way is 100% guaranteed, for the most important application in a separate record for the largest per month. Now there is no way to verify, but you can get a pay slip from time to time to check to the lender if you wish. Please note that your statement is not paid because they always after 1 months at interest, and then let the tax rate of 12 dollars and rates of re-transfer, pay, etc. --
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