Mortgage Payment - Mortgagefit

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Mortgage Payment

jerry

Posted on: 02nd Feb, 2011 11:56 pm

Can mortgage companies apply my mortgage payment to only the interest? It that legal?? This is my 2nd mortgage and it was with GMAC and now it is being serviced by Green Tree.

Total Reply : 1

Hi rjenterprises,

If you have opted for a interest only mortgage payment, then the lender will apply the payments to the interest payments only.

Thanks,

Jerry

jerry

Posted on: 03rd Feb, 2011 12:54 am

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