Posted on: 19th Jun, 2009 11:49 am
i have 2 mortgages:conventional 4.75% 15y fixed and 120k left for 10years and equity of 50000 for 10 years 7% fixed-but there is something strange going on with principal and interest. some months there is more money going towards principal and the other time more towards interest. should i refinance and combine both? will i loose or save?
interesting. is it happening for both loans? Have you taken from same borrower?
My first suggestion is to contact your borrower & bring it to their notice.
My first suggestion is to contact your borrower & bring it to their notice.