The Current Mortgage Has a Pre-Payment Penalty - What Now
Worry less about the pre-payment penalty when compared to the amount lost to interest over the course of the mortgage. Balance that figure and about 99% of people will find that it is less expensive
to get started now - than to wait.
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Is This a Bi-Weekly Payment Program
No. Bi-weekly programs have a homeowner make a payment every two weeks (same monthly amount broken into two payments) to effectively cut off 7.5 years a 30-year mortgage on average. Our system actually works reduces the mortgage even better than ...
Can This Remove A Mortgage / Home Loan
Debt Removal Secrets will not work if one still possesses the home. A home is considered a secured debt because an asset can be seized. If the the home is no longer in one's possession, the debt / derogatory mark itself can be removed from the credit ...
Mortgage Insurance (MI) + Private Mortgage Insurance (PMI) vs Mortgage Protection Insurance (MPI) + Mortgage Insurance Protection (MIP)
Both Mortgage Insurance (MI) and Private Mortgage Insurance (PMI) are a type of mortgage insurance one might be required to pay for with a conventional mortgage, which only protects the lender should the borrower stop making payments on the loan. ...
Can The Home Loan Be Recast To Lower Payment & Interest
Yes. A loan recast is when the lender will reamortize the loan with the new (lower) balance. It is typically used when one has paid a lump sum toward the outstanding balance, in turn reducing the remaining monthly payments and interest. When a loan ...
Spouse on Deed of Trust But Not Mortgage Loan Documents
If one signed the mortgage, but their spouse only signed the deed of trust, it means one is legally responsible for paying the mortgage loan, while their spouse is considered the primary owner of the property according to the title, as the deed of ...