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Mortgage Payment

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rjenterprises Joined: 03 Feb 2011 Posts: 1 1.26 Dollars($)	Posted: Thu Feb 03, 2011 12:56 am    Post subject: Mortgage Payment Like 0 Dislike 0 Can mortgage companies apply my mortgage payment to only the interest? It that legal?? This is my 2nd mortgage and it was with GMAC and now it is being serviced by Green Tree.
jerry Moderator Joined: 17 Oct 2005 Posts: 2708 Location: MICHIGAN 429.63 Dollars($)	Posted: Thu Feb 03, 2011 1:54 am    Post subject: Like 0 Dislike 0 Hi rjenterprises, If you have opted for a interest only mortgage payment, then the lender will apply the payments to the interest payments only. Thanks, Jerry

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