payoff: Why is my payoff higher than my mortgage balance? - 02/25/07 09:40 AM
I am often asked this question during a refinance from homeowners. Your mortgage payment is paid in arrears. For example, your February payment is paying January's interest. Remember when you bought or refinanced your home and the loan originator stated "you're going to skip one month's payment" or "you won't have … (0 comments)
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I am often asked this question during a refinance from homeowners. Your mortgage payment is paid in arrears. For example, your February payment is paying January's interest. Remember when you bought or refinanced your home and the loan originator stated "you're going to skip one month's payment" or "you won't have … (0 comments)
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