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Yes, it is important to be cautious about overpaying on an interest-only mortgage as it can lead to higher costs in the long run.

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5mo ago

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How can I avoid overpaying on an interest-only mortgage?

To avoid overpaying on an interest-only mortgage, consider making extra payments towards the principal balance, refinancing to a traditional mortgage, or selling the property before the interest-only period ends. It's important to carefully review the terms of the mortgage and seek advice from a financial advisor.


What are the potential hazards associated with mortgage insurance?

Potential hazards associated with mortgage insurance include the risk of overpaying for coverage, limited protection for the borrower, and the possibility of facing difficulties in canceling the insurance.


Do you have to pay mortgage even your name is to on the mortgage?

If your name is not on the mortgage you are not legally liable for the loan as far as the bank is concerned. You could become liable through a divorce if it has been your home for you and your spouse.


Who are some companies that are buyers of mortgage notes?

A mortgage note is essentially a promissory note with the property concerned as a security for the loan. Companies that buy mortgage notes include the Texas Note Company, NCR Note Buyer as well as The Mortage Buyer, Inc.


You are being offered a ginnie Mae for a re-fi on your existing home mortgage should you be concerned?

are subprime mortgages dangerous


Should you be concerned if your mortgage is not showing up on your credit report?

You should contact you mortgage company. B/C if your paying a mortgage on time your credit score will improve greatly. And it may cause you problems down the road when you want to refi or buy another home.


Can the mortgage company seize your IRA or annuity account in Florida?

My mother is 75 and is facing foreclosure on her property. She is concerned of what the mortgage company can seize of her personal property, especially her IRA, annuity and car. What are they legally allowed to take?


How much can a Playstation 2 be?

In the USA it can run $100 for a new PS2 or you are overpaying


What services are offered by the company Escondido Mortgage?

Escondido Mortgage provides loans and mortgages to their customers. They have loan officers to assist and one can help in many different home buying situations, like purchasing a fixer-upper or people who are concerned about their credit.


Is a mortgage valid if a notary never saw us sign it but just notarized the documents the next day when we gave it to him?

As far as the lender is concerned the mortgage document is legal. If your signatures are on that document, you have assumed responsibility for the mortgage. If you are contesting the validity of the document because of the notary's action, I don't think it will fly unless you want to claim that the signatures are not yours. And you don't want to do that. As long as you have willingly signed, the mortgage document will be good.


How much would it cost to get your tragus pierced?

Anywhere from $25 to $35, anymore than that, you're overpaying.


How do you urn treats on tap pet hotel?

simple. you cannot earn treats without overpaying for something.