If you are going to deviate from the agreed to payment plan. You need to inform your mortgage holder of what you are doing. Sometimes, they will hold the checks in an account, until the end of the month, without putting the funds towards the mortgage. Thus eliminating any interest reductions you would have realized. You will have to watch your statement to make sure they are properly calculating the interest rate.
.-= Beau´s last blog ..Home Loan Remortgage – Home Remortgage Basics =-.
By: Beau
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