Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Mortgages (https://www.askmehelpdesk.com/forumdisplay.php?f=212)
-   -   Lump sum mortgage pay off (https://www.askmehelpdesk.com/showthread.php?t=245353)

  • Aug 4, 2008, 06:22 PM
    boram
    Lump sum mortgage pay off
    If there are no penalties for paying off my mortgage in one lump sum payment, will I have to pay more or less of what I currently owe?
  • Aug 4, 2008, 06:35 PM
    excon
    Hello boram:

    You won't owe more or less. You'll owe exactly what your balance is the day you pay it off. If you have a book, it should tell you what your balance is. You can also do an amortization yourself to find out what the balance is, or you can call your bank.

    excon
  • Aug 4, 2008, 06:40 PM
    LisaB4657
    Nope. He'll owe a little bit more.

    https://www.askmehelpdesk.com/mortga...ml#post1193858

  • All times are GMT -7. The time now is 02:57 PM.