Many homeowners worry about the consequences of undertaking a short sale, and paying their lender back less than the full amount owing on their mortgage. (arklawgroup.com)
You may make a lump sum payment of up to 20 % of the principal amount owing on the mortgage at the beginning of your current term without paying a penalty or charge. (bridgewaterbank.ca)
Equity is the difference between the fair market value of a property and the outstanding amount owed on the mortgage. (vahomeloancenters.org)