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If you have had a mortgage for 6 years you have paid about 4 times as much interest as has been deducted of the loanIf you decide to move house and get another mortgage would you get some of this inte?
Wiki User
∙ 14y ago
If you have been making more than the required payments, then that surplus should have been applied to the principal balance of you mortgage. If you sell the home, you will receive a check for the difference between the purchase price and the principal balance minus fees.
Wiki User
∙ 14y ago
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Will a mortgage calculator help you determine your mortgage payment?
A mortgage calculator will definitely help you determine your mortgage payment. The calculator will help you decide what mortgage is right for you by allowing you to see what types are out there and the current interest rate.
Where can I find an interest only calculator?
You can find one on the following sites that I found for you at these sites www.bankrate.com/calculators/.../interest-only-mortgage-pay. , www.planabettermortgage.com.au/...calculators/p--I--interest-o
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
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.
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How do you cash check from homeowner insurance claim that includes mortgage company?
Endorse the check & send it to your Mortgage company. They will decide how much you get from it.
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Should you get a second mortgage or a home equity line of credit?
Mortgage loans and home equity loans are two different types of loans you can take out on your home. A first mortgage is the original loan that you take out to purchase your home. Second mortgage means cover a part of buying of your home or to cash out some of the equity of your home. It is important to understand the differences between a mortgage and a home equity loan before you decide which loan you should use. Both types of loans have the same tax benefit since you can deduct the interest on each.
How to Use the Refinance Mortgage Loan Calculator?
The refinance mortgage loan calculator is an online tool which is actually fun to use when figuring what your payment will be if you decide to refinance your mortgage. After you look at the various types of loans and the length of time you would have to repay them, you type in how much you want to borrow, the interest rate, along with the type of loan you want, such as 30 year fixed, click "submit" and let the calculator provide you with your answer.
Where can one find the Bank of Montreal mortgage rates?
You can find the Bank of Montreal mortgage rates on the official BMO website. They also have a How much can I afford calculator to help you decide if you can afford a mortgage.
