amortization schedule
Related Questions & Answers
6 articles
Has Anyone Heard of Mortgage Auditing Programs.
Asked by J.S. from Dallas
on March 20, 2012
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I received a letter about a mortgage analysis and refund review. They claim that mortgage companies are overcharging and are being forced to refund customers. They c...
Answers
- Sounds like a scam. They get lists of homeowners in towns and then they send out letters like this hoping to get some fish to bite. We got several from different c...
- I googled "mortgage auditing programs" and found everything I need to know.
- Scam! They are using the foreclosure bashing as a way to sucker people. Your mortgage company has not over charged you. If you want to make sure pull out your amo...
$10,000 Mortgage Payment Question
Asked by A.D. from Dallas
on April 1, 2012
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I paid $10,000 to the Principal of my mortgage this year (in addition to making the regular $1,000 a month payments) to help pay my house off sooner. My friend says ma...
Answers
- All I know is per my loan officer, if take your monthly payment and divide it by 12, pay this amount more per month and you will knock off 15 years of your loan. For e...
- In addition to what was mentioned about the interest you won't be paying on that $10,000 in the future, like Brandi mentioned...you paid $10k towards the principal. Y...
- Isn't it the principle behind compounding interest? I.e., you will pay less interest because you cut your principal amount owed. All other things being equal, it c...
What Do You Do About Your Mortgage??
Asked by M.M. from Dallas
on January 1, 2009
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Ladies,
My husband and I had a deep conversation this morning about our home mortgage, and we'd like to know what the norm is. Do most people get a 30 year loan for ...
Answers
- What my friend used to do was get a breakdown from the bank of what amount of the loan went twards intrest/principial every month. Then she would pay the regular payme...
- Good Morning Reba S I work for a title company and most of the closings that have loans are 30 year mortgages. I always suggest in closing that you make extra princ...
- Hi Reba, I have a 30 year note which made my monthly payments affordable. Most people I know have 30 year mortgages. In addition to the monthly note, I add a separa...
Paying Your Mortgage off Early?
Asked by M.H. from Lima
on October 19, 2011
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Hello :) Just curious if anyone had bought their home then paid it off within a couple years and if so how? Or do you know the things you actually have to do to have i...
Answers
- My uncle did this. When he paid his bill, there is a line where you can add extra amount to go towards the principle of the loan. Then he would call a week later to ve...
- We're working on having our house paid off within the next 5-7 years. We pay bi monthly as others mentioned. There is no penalty for us to pay early but you do need ...
- I think it's harder to do in the north but if you can help it don't ever spend more than double your income on a house. So if you make 50K a year, then the max you sh...
Refinancing Home
Asked by J.E. from Boise
on February 27, 2009
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Our current home morgage intrest rate is 5.85. We were told by a lender that we could lower it to 4.88 by refinancing. Is this smart given the state of the economy? ...
Answers
- OK this may sound off, but here is my suggestion and I know of many friends (with both perfect and not so perfect credit) that have done what I'm going to suggest to y...
- I wouldn't trust everyone, some of these lenders are so desperate for work, they will say anything. We have a wonderful who is so honest. We have a fixed rate that's...
- I think you need to run the numbers and read the fine print. Does the refinancing come with no cost or will you have to pay points and/or fees? Is there going to be ...
Looking for Advice on Credit, Mortgages, Real Estate
Asked by B.K. from Detroit
on July 17, 2009
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Hi Mamas!!
We've decided it's time to buy a house. We are for sure going to stay in MI so we are ready to commit to purchasing a house. We do have a few issues th...
Answers
- My husband is a branch manager at Top Flite Financial in East Lansing. He can help you fix up your credit and see you into your home in the near future. Give him a cal...
- The good news is that it is never too late to start rebuilding your credit--but it can take time. Pull both of your credit reports (maybe go to your bank and have the...
- When we were looking at buying a house our bank told us that even though we had a couple of open credit cards it wasn't enough revolving credit. So I would ask your le...
