My husband and I are plotting to go soon. I say that extra payments at this point are akin to putting money under the mattress. He thinks we will get more than we place in when we sell. We know that extra money applied to principal shortens the loan, but don’t know how that all works. Is the loan refigured every month? every year? Where would we find out this information? Our mortgage is with US Bank – would their customer service be knowledgable enough? Thank you!
I got a letter that my mortgage is being sold to FannieMae. I selected my current mortgage company based on online features, free weekly payment program (and other free programs), stability, and proximity to my home. I reflect a bank should have to get consent before selling a home mortgage and provide some sort of compensation for the inconvenience. 
Im interested in a Two family detached building with a ILLEGAL 1 br apartment downstairs…How does the bank look on this? I know they do not even consider the income but can it stop us from being paid a mortgage on the property?
I have a mortgage from Bank of America. Can I refinance with the new GOVT asst rates if my mortgage is not a freddie or fannie mortgage?
Recently, I was talking to a mortgage consultant at a bank. She told me that she would recommend just refinancing for what I owe. She would NOT recommend taking out any extra money. She didn’t clarify her reasoning for this. Out of the 3 mortgage people that I have talked to she is the only one who has said this. Why would she tell us this?