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lindon
Apprentice
Joined: 15 Jan 2006
Posts: 7
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 Posted: 01/08/08 - 10:47 Post subject: |
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| Hello everybody. Three months ago, I took a mortgage at one of our popular lenders. I bought a great place, nice, spacious, in one word – perfect. I started paying back my mortgage and then, after paying attention to it, I found out that mortgage payments don’t match my calculations! Can someone tell me what could be the problem? What should I do? Please help. |
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eddi
Apprentice
Joined: 01 Aug 2005
Posts: 19
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| Posted: 02/06/08 - 22:13 Post subject: |
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| Hi there! You don’t have to panic. I’m sure that there’s a reasonable explanation. What you should do first is to see your payment schedule. There you should have number of payments, day when they’re do, amount and how much is left. Maybe you took mortgage with variable interest rate? In that case, it’s not unusual to have different payments than whet you’ve expected. Lenders can change their interest rates, and subsequently the amount of payment. What I advise you to do is to see someone from the company where you took the loan. I’m sure they can explain you everything. I hope you will solve everything out. Take care! |
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