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What else can I help you with?
What is a 30yr mortgage?
30 is the "term" in years of the mortgage. You will have a schedule of monthly payments that you will pay over the 30 year term. Most of the upfront payments will go to pay the interest on the loan. For more examples of amortization (payment tables) visit the Mortgage Calculator in the related links.
Where can I find a free online mortgage payment calculator?
There is online calculator you can work on to make sure the mortgage payment you are afford to pay, or you can go to the bank, they probably figure it out for you as well, here is the site: www.mortgagecalculator.org/
Can you pay your mortgage payment online?
You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.
How does an escrow increase affect my mortgage payment?
An escrow increase can affect your mortgage payment by causing it to go up. This is because an escrow account is used to pay for property taxes and homeowners insurance, and if these costs increase, your monthly payment will also increase to cover the higher expenses.
What are the disadvantages of a variable interest rate mortgage?
A variable interest rate mortgage is one where the amount of interest being charged may change during the course of the mortgage depending on the current interest rates, but the usually monthly payment remain the same. The disadvantages of this type of mortgage is that if interest rates go up more of the monthly payment goes towards paying the interest instead of the principal, taking longer to pay off the mortgage. If rates go to high, the monthly mortgage payment may go up, this is rare however.
What is a 30yr mortgage?
30 is the "term" in years of the mortgage. You will have a schedule of monthly payments that you will pay over the 30 year term. Most of the upfront payments will go to pay the interest on the loan. For more examples of amortization (payment tables) visit the Mortgage Calculator in the related links.
Where can I find a free online mortgage payment calculator?
There is online calculator you can work on to make sure the mortgage payment you are afford to pay, or you can go to the bank, they probably figure it out for you as well, here is the site: www.mortgagecalculator.org/
Can you pay your mortgage payment online?
You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.You need to go to your lender's website and check there for online payment options.
Your house has bee sold at a sheriff sale the proceeds of the sale covered the first mortgage Are you still required to pay the second mortgage?
The second mortgagee can indeed go after you for payment.
If you are in arrears for two months on your mortgage can they still go for repossession if you can pay something towards it?
That depends on the financial institution where you have the mortgage. Talk to them, tell them your problem and work out payment arrangements.
How does an escrow increase affect my mortgage payment?
An escrow increase can affect your mortgage payment by causing it to go up. This is because an escrow account is used to pay for property taxes and homeowners insurance, and if these costs increase, your monthly payment will also increase to cover the higher expenses.
Where can one go to calculate a mortgage payment?
There are mortgage calculators online. Most typically one can find a mortgage payment on Bankrate. One can also contact any local bank to help them determine a mortgage payment.
What are the disadvantages of a variable interest rate mortgage?
A variable interest rate mortgage is one where the amount of interest being charged may change during the course of the mortgage depending on the current interest rates, but the usually monthly payment remain the same. The disadvantages of this type of mortgage is that if interest rates go up more of the monthly payment goes towards paying the interest instead of the principal, taking longer to pay off the mortgage. If rates go to high, the monthly mortgage payment may go up, this is rare however.
How can you pay off a 30-year mortgage in half the time without changing your monthly payment?
You can't if you go through a typical bank or mortgage company. However, you do have options. You can find a company that lets you pay less in interest and more in principle. I found a company that lets you pay your current monthly payment, but since you pay less in interst, you actually pay more to principle. This principle is put in a Cash Flow account that earns interest. After 15 years, you have enough to pay off your 30 year mortgage. If you keep paying for the remainder of the 30 years, you will then have over $1 million in your Cash Flow account to pay off your home, retire, pay for college, or whatever.
Where do extra mortgage payments go, principal or interest?
Extra mortgage payments typically go towards reducing the principal balance of the loan. This can help you pay off your mortgage faster and save on interest costs over time.
can i go into my locate wamu bank and make a mortgage payment?
If you have a loan with Wamu, you can go to any wamu bank and make your payment.
How could one pay a home mortgage online?
You can pay a Home Mortgage online. If your loan is with Wells Fargo, Chase Bank, Bank of America or US Bank you can go to their website and pay your Mortgage loan there. However if your Loan is with a Mortgage Company such as Plaza Home Mortgage you will have to go through your own Bank's Bill pay system to pay your loan online.
