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Forgiveness letter on late payment the mortgage was paid off five years ago?
Wiki User
∙ 14y ago
This will not drop off your credit until next year. Takes 6 yrs, with or without forgiveness letter. But if you are asking do you need one? It couldn't hurt, it will ultimately up to the underwriter of your loan whether they accept it or not.
Wiki User
∙ 14y ago
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Where can I find a monthly payment calculator for a mortgage?
Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments
What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?
You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.
What would monthly payment be on a 82000 pound mortgage over 30 years?
how much would a 82000 mortgage be over 20 yeras
What is monthly payment on 330k mortgage?
That would depend on the interest rate and the length of the loan. Your payment for a 330,000 loan at 4.5% for 30 years would be $1672.06. If the mortgage was only for 15 years your payment would be $2524.48. If you took the same loan amount for 30 years at 5% your payment would be $1771.51. So it is hard to say what your payment would be without the additional information, but this should give you an idea of how much your payment would be for that amount.
Can 1 extra principle mortgage payment per year reduce a 30 year loan to a 15 year loan?
1 extra mortgage payment..principal & interestcan lower your term to about 19 years.
Where can I find a monthly payment calculator for a mortgage?
Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments
What does a mortgage payment cost?
A mortgage payment depends on several main things: -How much your house is worth -How much you put down for your house -Your credit approval -The type of mortgage plan you chose, usually 15 or 30 years
What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?
You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.
What would monthly payment be on a 82000 pound mortgage over 30 years?
how much would a 82000 mortgage be over 20 yeras
What is monthly payment on 330k mortgage?
That would depend on the interest rate and the length of the loan. Your payment for a 330,000 loan at 4.5% for 30 years would be $1672.06. If the mortgage was only for 15 years your payment would be $2524.48. If you took the same loan amount for 30 years at 5% your payment would be $1771.51. So it is hard to say what your payment would be without the additional information, but this should give you an idea of how much your payment would be for that amount.
Can 1 extra principle mortgage payment per year reduce a 30 year loan to a 15 year loan?
1 extra mortgage payment..principal & interestcan lower your term to about 19 years.
How can a mortgage loan calculator be useful?
Like other types of payment calculators, a mortgage calculator is helpful to determine the exact cost and the monthly payment of a mortgage. It is helpful because good calculators can help determine costs based on the life of the mortgage as well (i.e. 20 versus 30 years).
Where does the equity go when refinancing?
You can cash out on your equity, but your payment would be as if it were a new loan at the same amount. You can also opt to apply your equity towards your new mortgage and the result would be a lower montly payment and less debt. If you use your equity towards a new mortgage you can refinance for less time and possibly have a payment around your current payment. EX: A $60,000 @6.75 for 30 years, owned for 4 years with a payment of $540. When refinanced at 5.85% for 15 years the payment only went up to $621. The house will be paid off 11 years sooner. This is with a better interest rate and with removing the private mortgage insurance.
Mortgage Comparison: 15 Years vs. 30 Years?
Mortgage Comparison: 15 Years vs. 30 Years Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
What would be the monthly payment on a 90000 mortgage at a rate of 7.5 percent interest for 30 years?
677.00
How fast can you pay off a 30 year mortgage if you make an additional payment a year?
22.5 years
What is a graduated payment mortgage?
allows you to make small payments for a few years and much larger ones later.
