Sentences with phrase «original amortization schedule»
Based on the original amortization schedule, that wasn't supposed to happen until 2018.
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Recasting (or re-calculating your loan) is another way of limiting negative amortization and keeping your loan on the original schedule.
The amortization schedule in your original loan documents sets out all payment dates and their corresponding loan balances.
Under a standard ten - year amortization schedule, these loans would be approaching full repayment, and only about 10 percent of the original balance would remain.»
You can request removal of the PMI as soon as your LTV ratio reaches 80 % as per the amortization schedule and the lender must grant the request provided your account being in good standing, i.e. you have not missed payments or made late payments and your LTV actually is at 80 % as per the amortization schedule (which uses the original appraised value of the house).
Simply enter in the original amount of your mortgage and the date you closed, and click «Show Amortization Schedule.»
Additionally, the borrower can request the private mortgage insurance to be cancelled once the loan reaches 80 % of the original value, based on either the actual payments made, or the initial amortization schedule (for fixed rate loans) or current amortization schedule (adjustable rate loans), irrespective of the actual loan balance.