I assessed on the mortgage application about almost 3 years ago and it is just that I had some talk with my lender recently and I think that I prepaid my mortgage amounts so far. Anyway this is not checked out yet but I am curios what if I paid more on my mortgage then needed? Thanks!
Well if it turns out you paid more on your mortgage than it is actually needed than your bank loan officer or mortgage broker should calculate your total mortgage amount to get the proper price and adjust it your next pay offs. I also paid a lot more on my mortgage that it was needed and it just happened that after the calculation that I am not able to pay it off for the next 20 years this has actually caused decreasing of my mortgage pay offs for 3 years down.
