Sentences with phrase «old mortgage note»
Example: A 5 - year - old mortgage note with a face value of $ 100,000 and an amortization term of 20 years at 2.8 percent interest is worth far less than $ 100,000 for two reasons: (1) The principal balance is now a little under $ 80,000.
http://financial-dictionary.thefreedictionary.com/ Not exact matches
(Note: similar to the interest above, you'll also be paying a month's escrow in advance, but this is offset by not having the next payment on the old mortgage).
However i have a question, the wife is expecting and plans to take a year off come September, (side note - we should have around 15K saved in TFSA's by that time), we have no debt but mortgage, both under 30 yrs old and Im wondering what some of our options are to keep our heads above water with the lack of her income?