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Mortgage Professor about extra payment: 
How Do I Figure the Mortgage Payoff Month?
November 1, 1999, Revised February 21, 2005 Judging by my mail, for every borrower who worries about how they are going to make their next payment, there are 10 looking to repay early. Their personal strategies for doing ... more...

When Will Extra Payments Reduce Monthly Payments?
4 April 2005 "I am looking for a loan on which, whenever I make an extra principal payment, my monthly payment immediately declines. Is there such a thing?" The only mortgage that works that way is one on which the payment is interest-only. Not all interest-only ... more...

extra payment related definitions

Prepayment
Prepayment Full or partial payment of the principal before the due date. This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan. ... more...

Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more...

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Get Free extra payment Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

What to Consider Before Leasing a Car
Some people choose to lease a car rather than buying one outright. Here are some useful tips on what to consider before leasing a car:The most important thing to remember is that you do not own the vehicle. You get to use it but must return it at the end of the lease unless you choose to buy it ... more...

Internet & Mortgage Calculations
Youve been approved! The words you have always wanted to hear when you filled out the home loan application. It swirls through your mind the opportunities and memories you will cherish in your new home. Before you even start shopping for a home it is best to understand in real terms what you can ... more...

Debt Consolidation Loan and Consolidation Loans
Debt consolidation loan services act as a third party intermediary to assist you in negotiating lower interest fees and monthly payments with your unsecured debt holders. If you are falling behind on your monthly payments, as many consumers are, you can quickly build up late fees and over limit ... more...

Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity
If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?Here are some ... more...

Beating Debt with a Stick
Debt is a Product in AmericaThe #1 sickness in America concerning finances right now is debt. Debt is a product in our culture and it is vigorously aimed at you and me everyday, everywhere. As a society, we borrow more money than the last two generations times two and your online credit report ... more...

Bad Credit Debt Consolidation Loans - Save Money and Reduce Debt
Debt consolidation loans can save you money and reduce your debt, especially if you have bad credit. Lowering your interest rates will automatically save you cash every month. You can also plan how soon you want to pay off your debt with flexible loan schedules. The better rates you find, the more ... more...

What is a Remortgage?
A remortgage is changing your mortgage without moving your home. Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money. A remortgage can also be used to raise additional finances by releasing equity in ... more...

Subprime Mortgage Lenders - Helpful Tips When Getting a Subprime Mortgage Loan
If you have bad credit history, no down payment or difficult to prove income and are looking to get approved for a home mortgage loan, you will probably need to look at subprime mortgage lenders to help you. To see a list of our recommended subprime mortgage lenders you can click on the link below ... more...

How To Get Your Credit Card Payments Under Control
Credit cards can be a nice convenience but they can also get you into a lot of trouble. If you have charged your cards up to the limit and are now having a hard time paying the bills you are not alone. Statistics show that the average credit card debt for each household in the U.S. is $4,800 per ... more...

Get a Loan With a Poor Credit Rating
How do you go about obtaining a loan if you have a poor credit score? Is it even possible if you have declared bankruptcy? Well, the short answer is yes. It may be difficult however, so you should be ready to put up with a few rejections. You should also be ready to accept higher interest rates and ... more...

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