Let'sgoflying!
Touchdown! Greaser!
I have no idea who to ask this, so I will try POA first.
Or, maybe someone can tell me who to ask.
I have a mortgage with an individual not an institution.
Let's say I didn't spend as much on my airplane as I thought this year and I want to pay the note down by $10K.
Looking at the amortization schedule (columns of remaining principal, balance after each monthly payment, amount of payment applying to P and I)......
.....after paying the $10K, where do we go with the schedule?
Presumably the remaining principal is $10K less.
What is the next porportion of P & I on the next payment?
Maybe the cleanest way to do this is to find a month in the future, where paying something near $10K toward the P. would bring the note to that month?
Probably need to find an example? Lemme know.
Or, maybe someone can tell me who to ask.
I have a mortgage with an individual not an institution.
Let's say I didn't spend as much on my airplane as I thought this year and I want to pay the note down by $10K.
Looking at the amortization schedule (columns of remaining principal, balance after each monthly payment, amount of payment applying to P and I)......
.....after paying the $10K, where do we go with the schedule?
Presumably the remaining principal is $10K less.
What is the next porportion of P & I on the next payment?
Maybe the cleanest way to do this is to find a month in the future, where paying something near $10K toward the P. would bring the note to that month?
Probably need to find an example? Lemme know.