---

should i pay a curtailment amt each month with my mtg paymt or a prepayment amt in order to shorten yrs on mtg loan?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Guest	Posted: Wed Oct 28, 2009 8:55 am    Post subject: should i pay a curtailment amt each month with my mtg paymt Like 0 Dislike 0 mtg amt:1404.64 add'l prin: 95.36 total pymt: 1500.00 have two yrs lft on home equity loan
raymond Community Expert Joined: 03 Jul 2009 Posts: 1166 Location: Irvine, California 24.79 Dollars($)	Posted: Wed Oct 28, 2009 8:58 am    Post subject: Like 0 Dislike 0 My Brother does it that way, and it's a great idea. The more you can contribute the shorter the duration of the Note. _________________ Raymond Denton www.raymonddenton.com
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Wed Oct 28, 2009 10:32 am    Post subject: Like 0 Dislike 0 it is always worthwhile to pay additional sums on the balance of your loan to reduce the overall obligation and to shorten the term of the loan. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1256 Location: River Edge, New Jersey 264.15 Dollars($)	Posted: Wed Oct 28, 2009 10:38 am    Post subject: Curtailment Like 0 Dislike 0 The question is regarding a home equity with 24 months left?? That is not a lot of time left. Paying extra in the amount noted may knock a month or two off the 24 months. Nothing wrong with paying extra or a lump sum, you just do not have a lot left to receive a very large benefit. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0