Posts Tagged ‘principal’

Mortgage Terms – The Basic Of

In: Mortgage Loan

26 Jan 2012

If it’s your initial time applying for a mortgage, there are varieties of terms you must grasp. Educating yourself on the varied mortgage terms you may run into will assist you build higher selections when deciding that home you wish to get. Once you sign a mortgage contract, your house is used for collateral and [...]

What does Principal deferral mean when you are asking mortgage lender for a loan modification?

In: Mortgage Loan

25 May 2010

If i make extra payment for principal now, does it make a difference immly or only at the next mortgage date?

In: Mortgage Payment

11 Mar 2010

Is there an advantage in paying it right away in the middle of the month versus waiting till the next month mortgage payment date?

when paying extra principal should the bank reduce the mortgage payment or time period?

In: Mortgage Payment

22 Feb 2010

I paid some principal towards my mortgage. the bank reduced my time period not the mortgage payment. is this koshier?

How can I calculate a mortgage payment with principal and interest?

In: Mortgage Payment

1 Feb 2010

30 year mortgage at 6.50% for a loan amount of $208,000, what would the monthly payment and interest be.

What loan can I get to keep mortgage payment low and pay more towards my principal?

In: Mortgage Payment

28 Jan 2010

I was in a option arm and it ate up my equity. I want to keep my payment low yet lower my balance on the mortgage!
My question actually is… Is a 30 year fix the only way to go?
I dont necessarily want to pay off my loan faster. I just want to lower my balance [...]


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This is about mortgage information questions.

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  • burt p: yes, wil be lower. I found interesting information about your answer & the best options here. (mortg [...]
  • goz1111: obviously if you could refinance into one fixed rate loan the 1st and 2nd that would be your best be [...]
  • diesel6999999: I agree with John M. [...]
  • Knuckles: finance beginner course, a vertible law of finance is never make short-term debt to long-term debt. [...]
  • John M: depends on the interest rate you can get right now. use Microsoft Excel or any other financial calc [...]

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