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how is the principal reduction calculated on mortgage balance

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Icon Mini Profile thommosely





Joined: 12 Jun 2009

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Post Posted: Fri Jun 12, 2009 5:12 pm    Post subject: how is the principal reduction calculated on mortgage balanc
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how is the principal rdeuction calculated on a mortgage balance ??
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

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Post Posted: Fri Jun 12, 2009 8:38 pm    Post subject:
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thommosely

Welcome to the forum

I do nto think there is any standard formula which defines this

It would differ from situation to situation and bank to bank

Good luck and feel free to ask
Icon Mini Profile sunil87020





Joined: 04 May 2009

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Post Posted: Sat Jun 13, 2009 9:09 am    Post subject:
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exactly bank to bank it changes.
Contact your lender for your query it will be better.
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

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Post Posted: Sat Jun 13, 2009 2:36 pm    Post subject:
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Here he goes again
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