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2. Mortgage recasting: What it is and how it works - AOL

   www.aol.com/finance/mortgage-recasting-works...

   These extra principal payments likely aren’t as large as the lump sum you’d pay to recast your loan, either. You can use Bankrate’s mortgage payoff calculator to see how making extra ...

3. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

   www.aol.com/dave-ramsey-7-tips-paying-120027516.html

   Once your mortgage’s principal balance is 80% of the original value of your home, you can request removal of your PMI. Here’s how extra payments would affect a $220,000, 30-year mortgage with ...

4. My Mortgage Principal Only Went Down $2,400 After a ... - AOL

   www.aol.com/mortgage-principal-only-went-down...

   Over the first 12 months of my mortgage, I paid a total of about $23,000 to the bank. ... Extra payments pay down your principal faster. ... Click here to read our full review for free and apply ...

5. Negative amortization - Wikipedia

   en.wikipedia.org/wiki/Negative_amortization

   A 10-year interest only mortgage product, recasting to a 20-year amortization schedule (after ten years of interest-only payments) could see a payment increase of up to $600 on a balance of 330K. Negative amortization mortgage: no payment jump either until 5 years OR the balance grows 15% (depending on the product) higher than the original amount.

6. Mortgage acceleration - Wikipedia

   en.wikipedia.org/wiki/Mortgage_acceleration

   A commonplace method of mortgage acceleration is a so-called bi-weekly payment plan, in which half of the normal calendar monthly payment is made every two weeks, so that 13/12 of the yearly amount due is paid per annum. [2] Commonplace too, is the practice of making ad hoc additional payments. The agreements associated with certain mortgages ...

7. Unpaid principal balance - Wikipedia

   en.wikipedia.org/wiki/Unpaid_principal_balance

   Unpaid principal balance (UPB) is the portion of a loan (e.g. a mortgage loan) at a certain point in time that has not yet been remitted to the lender. [1]For a typical consumer loan such as a home mortgage or automobile loan, the original unpaid principal balance is the amount borrowed, and therefore the amount the borrower owes the lender on the origination date of the loan.

8. How 1 Extra Mortgage Payment a Year Helps Pay Off Your Home ...

   www.aol.com/finance/one-extra-mortgage-payment...

   Principal and interest are the main components of your mortgage payment. The principal is the original amount you borrowed and interest is what mortgage lenders charge for lending you the money ...

9. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...