Mortgage Prepayment / Loan Druid
edodd at billiau.net
Mon May 22 17:43:25 EDT 2006
On Monday 22 May 2006 22:43, Adam Rosi-Kessel wrote:
> Would creating a new mortgage, starting now with the current principal, for
> 30 years minus the number of months that have already passed since the
> start of my real mortgage, work? Or does amortization not work that way?
It should work, but how to do it depends on whether you are going back to the
original payment or now paying for less months
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