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What is corporate advance deposit?
An advance deposit is money you place with a retailer to put towards your final price. For corporations, this can be advances made on a corporate level, dealing with large numbers.
What is the best way to calculate a long term mortgage payment?
The best way to calculate a long term mortgage payment is to use an online mortgage calculator. Calculator's can be found at 'Financial Calculators' and 'Money Buddy'.
How can i Lower my Mortgage Payment?
One option to shorten your mortgage payment, is to pay larger sums. This will allow you to take some money off of your principal, essentially lowering your overall interest.
Can a bank go into your checking account and take out my house payment?
If you have authorized your bank to do so by arranging a scheduled payment, then the money will be drawn out and applied towards your mortgage payment. However, if you did not authorize a payment beforehand then a bank will not take money out for the payment.
What is advance payment of tax?
If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.
What is forebearance in a mortgage?
Forebearance is a payment plan that allows you to catch up on money you owe your lender. You must be able to make your normal mortgage payment in addition to the extra amount that you and your lender agree upon.
What is a pre-payment?
Paying in advance. This might be some or all of the money involved in a transaction.
What methods are there to shorten the length of mortgage payments?
Paying extra money to the mortgage at each payment will shorten the length. Consulting the mortgage lender for more information is important, as some apply penalties if too much extra money is paid.
Comparing Mortgage to choose the best option for me..?
It depends on how much money you are making. If you can comfortable afford to pay for a 15 year mortgage then you should do this. If you are going to be struggling to make the mortgage payment then you should get a 30 year mortgage.
What is the purpose of mortgage alliance?
A mortgage alliance is an alliance which will help you to pay your mortgage, in most cases by having a money buffer. They will help you in times you cannot pay it to make it possible to delay the payment.
What does it mean to advance the payment due?
To put it simply, it is a way of telling you to pay them the money you owe.
What is the meaning of charge by deed expressed by way of legal mortgage?
It means an interest or right in a property created in favour of a lender of money as security for payment of a money loaned. It's accorded the status of a mortgage.
