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mortgage payment schedule

February 1st, 2010 by admin



mortgage payment schedule
Can anyone tell me how additional payments will be made of the consequences of my interest only mortgage?

I interest only mortgage. The first ten years are of interest. I know that the payments will increase after the first 10 years, but if I pay a few hundred dollars a month for 10 years and carry the balance of my low $ 25,000. Should I still increase my payments. I'd like to see an amortization schedule of my situation but can not find what I want. My goal is to pay a surcharge over the first 10 years so I can keep my regular payments for the 30 year term. Any help?

Talk to a loan officer at your bank for details.

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