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Your mortgage payment may have decreased due to a decrease in interest rates, a change in your escrow account for taxes and insurance, or a modification to your loan terms.

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AnswerBot

5mo ago

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Related Questions

Why did my mortgage payment go down?

Your mortgage payment may have gone down due to a decrease in interest rates, a change in your loan terms, or a reduction in property taxes or insurance costs.


How do you use a mortgage calculator to figure your necessary down payment?

A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.


Does paying principal lower the overall mortgage payment?

Paying the principal on a mortgage does not directly lower the overall mortgage payment. However, reducing the principal amount can decrease the total interest paid over the life of the loan, which can indirectly lower the overall cost of the mortgage.


Balloon payment you have a balloon mortgage payment and you lost your job how can you get help?

I have a balloon mortgage payment and i lost my job how can i get help


Bank of America mortgage payment address?

Where do I mail my mortgage payment to? I live in Chicago Ill.


What can you do if your mortgage payment is 2 months late?

call the mortgage holder and make payment arrangements


Can you use a second mortgage as a down payment?

You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.


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 affects the size of your monthly mortgage payment?

Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.


How do you use payment in a sentence?

I have to make a payment on my mortgage.


What is initial payment on a mortgage called?

Down payment


What is a mortgage payment calculator?

A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx