I believe my property manager is trying to evict me & my fiancee because she has a personal problem with me. they gave us 2 prior notices about "junk" on the balcony (2 bikes 1st time, 2...
I would like to know where I can find out how many people can live in a one bedroom apartment in Oklahoma City, OK. Additional Details I am asking because of my neighbors who have a TON ...
I am thinking of making a full cash offer on a home in Boise that is currently listed at $189,000. In this slow market, what is a reasonable offer to make without offending them?...
she currently has bad credit, but she makes about 50,000 per year. She has come into some money and she is going to pay off all of her pass debts to clear her credit, she also has enough money for a ...
I have a low credit score, but my wife has a better one. I make more money than her. I've been given an offer from a bank but not a good one in my opinion....
I live in CA on a month to month basis. I just gave my landlord a 30 days notice today (June 11) but I will only be staying there until the end of the month. I gave him the notice because I ...
I'm about to purchase a brand new condo in Burbank, CA. The realtor has asked me to decide whether or not I want an inspection. So far I have read that CA home inspectors are not licensed, and ...
Im trying to figure out if it is worth getting a more expensive apartment that is closer to my work if I use the money I would normally spend on gas for the extra rent. Is there logic in this?...
What happens if someone who is renting a room out from somebody in their house doesnt return the keys on the last day their lease is up? I would assume you just deduct the amount is costs to get the ...
My Economics lecturer told us in class that they are bringing in new laws saying that landlords can no longer state that they don't want DSS, smokers or pets in their property. I have been ...
Agents say its good house at right price but viewers feedback they don't like area its located. What can I do? Additional Details Every reply seems to say the same lower price but ...
A chandelier fell onto my laptop because the screws holding it in place came loose over the years. Is the landlord liable to pay for repairing the screen? It just cracked the screen. nothing else ...
wooliebear07
If you sell your home, do you have to pay all of the interest off from a 30 year mortgage?
Or do you just pay the principal off and pocket the rest of the money?
No, all the interest will not be paid. Only up until the point where you stop making payments. You should come out some money ahead!!
WAY TO GO!!!
ernesto_tig
No; You'll need to call the mortgage company and request a payoff figure; they'll compute your principal & interest up to your projected closing date and charge you that. Anything above that is paid to you with a cashiers check or applied to any other property you're buying (double closing).
The other poster is also correct that they could charge you a prepayment penalty depending in the type of mortgage you have. They'll let you know that when you request a payoff figure.
acermill
You only pay interest thru the day of closing. You will receive a 'payoff' statement which indicates the remaining interest due, plus the principal owing.
bostonianinmo
You only pay off the principal balance.
CW L
WB, you just pay off the banks principle due the bank to the day of COE and pocket the appreciated value or pft on the home since you've purchased it.
The bank did not earn what is left on the mortgage yet.
Deliah
You pay off your current balance whatever that might be.
ticketoride04
you will pay off just whats owed to the date of close of escrow, all the rest is yours.
Jillian
you shouldn't have to pay the entire intererst for the 30 years... but only in some mortgage contracts do you have a pre-payment penalty... i know mine doesn't, you just pay the current payoff amount (mortgage accumulated up to that date)
veesmom
You save the interest. However, you may have a pre-payment penalty on your mortage, which is usually 6 months of interest. Check with your mortgage company before you pay them off.
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