Sentences with phrase «applied against the principal»

It depends on the terms of your mortgage, but in most cases any payment to the mortgage account that is in excess of interest currently owed is applied against the principal.

The buyer signs a promissory note and trust deed agreeing to pay the seller a certain amount each month to be applied against the principal, plus an agreed upon interest amount at a specified rate on the unpaid balance.

Not exact matches

They have $ 500 per month of additional funds to apply to the mortgage, and have put the «rainy day funds» of $ 50,000 in liquid investments against the mortgage to reduce their principal.

To avoid this, try applying any bonuses or extra cash you have against the principal.

You apply the ROC distributions against the principal, then take out a loan (amount equal to the ROC distribution used to pay down the principal) and invest in the same fund.

Agency securities are guaranteed by the U.S. government as to the timely payment of principal and interest, however this guarantee does not apply to the yield, nor does it protect against loss of principal if the bonds are sold prior to the payment of all underlying mortgages.

A mortgage customer who already has their loan closed and is currently being serviced can often elect to apply a lump sum of money against their existing principal balance and, rather than simply reducing what they owe on the loan, they end up with a reduced monthly payment.

Apply the grant against the unpaid principal mortgage balance of an adapted home already acquired without the assistance of a VA grant

Your Double - Up payment is applied directly against the principal balance of your mortgage, which cuts down the life of your mortgage and saves interest costs.

GNMA's are guaranteed by the U.S. government as to the timely principal and interest, however this guarantee does not apply to the yield, nor does it protect against loss of principal if the bonds are sold prior to the payment of all underlying mortgages.

56 More recently, the Court in Animal Welfare applied Anchorage Management and Perez in setting aside an award of costs against the principal of a litigant company.

The entire amount of these payment increases is applied directly against your principal balance.