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What else can I help you with?
Do large principal payments reduce monthly payments?
Large principal payments do not reduce monthly payments. Monthly payments are typically fixed based on the loan amount and interest rate, so making a large principal payment will not change the monthly payment amount. However, paying off a large portion of the principal can help reduce the total interest paid over the life of the loan and shorten the loan term.
What happened to the deferred principal when make large payments?
When you make large payments on a loan with deferred principal, the extra amount typically goes towards reducing the principal balance. This can lead to a decrease in the overall interest paid over the life of the loan, as interest is often calculated on the remaining principal. Additionally, making large payments can help you pay off the loan faster, potentially shortening the repayment period. Always check with your lender to understand how they apply large payments.
Who is the principal in a life insurance contract?
The Insured of the policy is obviously the Principal in a life insurance contract.
Sample sentences about principal?
The women took a principal decision about her personal life.
Which of these is often provided for free by the employer?
life insurance dog
Are you covered By principal mutual life insurance?
yes
Who was Anthony hendays employer?
For most of his life it was the HBC.
Can an attorney-in-fact under a power of attorney transfer a life estate?
If the life estate belongs to the principal, the attorney-in-fact can release it on behalf of the principal. See related question.
What is often provided free by the employer?
life insurance dog
Where can one find information on principal life insurance companies?
Actually the best site in order to find more information on principal life insurances would be the homepage of the "Principal Financial Group". There one can find the different services of the company (investment management and retirement), plus additionally all details in their life insurances.
What is the definition of the word principal?
A trait you can base your life on, I think.
Can you explain what recasting a mortgage means?
Recasting a mortgage is when the borrower makes a large payment towards the principal balance of the loan, which then reduces the monthly payments and potentially the overall interest paid over the life of the loan.
