Pay mortage payment before due date?
Bill
advantage to paying it on the 1st of each month?
(Pay earlier than the due date each month)
jeff
That all depends on how your mortgage is written!
Jeff
>
>
h
"Bill" <billnoma...@yahoo.com> wrote in message
news:7taugm...@mid.individual.net...
> If a mortgage payment is due on the 30th of each month, is there any
> advantage to paying it on the 1st of each month?
>
> (Pay earlier than the due date each month)
>
Yes, depending on how your loan is set up, you'll be saving some interest
money by paying early. Very likely that you'll save a whole payment or two
by the end of the term. Maybe a lot more - depends on how the loan is set
up.
Rod Speed
> If a mortgage payment is due on the 30th of each month, is there any advantage to paying it on the 1st of each month?
> (Pay earlier than the due date each month)
Depends on how the interest is calculated, there is with some loans.
Malcom "Mal" Reynolds
<7taugm...@mid.individual.net>,
"Bill" <billnoma...@yahoo.com>
wrote:
> If a mortgage payment is due on the 30th of each month, is there any
> advantage to paying it on the 1st of each month?
>
> (Pay earlier than the due date each month)
The best that can happen is that over
the term of the mortgage you would save
approximately 29 days of interest. The
rest of the time you will still be
paying about 30 days of interest every
month.
If you want to save money and the
mortgage will allow it, pay half your
monthly payment every 2 weeks which will
be the equiv of 13 monthly payments
which can amount to a significant
earlier payoff.
Or just pay an additional sum each month
to "principal only"
VFW
wrote:
who would be the best bet to analyze your mortgage with frugality in
mind, An accountant?
--
Hint; Enjoy the moment !
Rod Speed
Pity about the fee he will charge to do that. Much more frugal to ask here instead.
jeff
You can try just reading it. What you really want is to make an extra
payment, ie two on the 30th at least once. That extra should come purely
off the principal, early in a loan it is almost all interest, so you are
ahead there. After that, I wouldn't bother. The math to figure out exact
interest depending on actual payment date is messy and I doubt anyone
applies it.
Paying more, so you pay off early can be substantial. Just what you
can do and get credit for should be written in. Google yielded this:
http://www.mortgageqna.com/mortgage-payment/early-pay-off-penalty-for-a-mortgage-loan.html
I'm inclined to think that your real estate agent should have told you
what was allowable. It's been a while since I've had a mortgage, so I
don't know what is standard now. Back then you could pay more and it
would come off your principal. Now, there are gotchas.
I misread this a bit when I first looked at it, so I wanted to clear
up any misunderstanding. I doubt paying on the first, if your loan is
due on the 30th, will be of any benefit.
Jeff
Malcom "Mal" Reynolds
<7tbb1q...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
yes, because getting free advice from
anonymous posters who are in all
probablity not licensed or even caring
is always the best investment
Rod Speed
Anyone with even half a clue can consider the claims made and check them if they need to be checked, for free.
You cant manage something as simple as that ? Your problem.
Robert Neville
>Yes, depending on how your loan is set up, you'll be saving some interest
>money by paying early. Very likely that you'll save a whole payment or two
>by the end of the term. Maybe a lot more - depends on how the loan is set
>up.
Not exactly. In the US, most ontime mortgage payments are applied as of the
payment date (usually the first of the month), regardless of when the payment is
actually received. In other words paying two weeks ahead of the due date or two
weeks behind (assuming you are still in the grace period) will have zero effect
on the interest charge.
On most US conforming mortgages, you can make a significant change (reduction)
to the lifetime interest charge on your mortgage by making "extra" principle
payments. Those payments can usually be made as an extra amount on your regular
payment, or as a separate payment. It's important to make sure those payments
are credited as principle reduction payments and not just stuffed in your escrow
account.
However, keep in mind that with extra principle payments, the savings comes at
the end of the mortgage in the form of an earlier payoff date - it will not
reduce the amount of your monthly payment. It will also be reflected in the form
of a smaller mortgage interest deduction each year. This may or may not be a
good thing, depending on whether you are subject to AMT.
Given the historically low mortgage rates these days, paying off your mortgage
early should take back seat to paying off car loans, credit cards and building
up your personal cash cusion.
Malcom "Mal" Reynolds
<7tbngs...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> >>>> Bill wrote:
> >>>>> If a mortgage payment is due on the 30th of each month, is there
> >>>>> any advantage to paying it on the 1st of each month?
> >>>>>
> >>>>> (Pay earlier than the due date each month)
> >>>>
> >>>> That all depends on how your mortgage is written!
> >>>>
> >>>> Jeff
> >>>>>
> >>>>>
> >>>
> >>> who would be the best bet to analyze your mortgage with frugality
> >>> in mind, An accountant?
> >>
> >> Pity about the fee he will charge to do that. Much more frugal to
> >> ask here instead.
> >
> > yes, because getting free advice from
> > anonymous posters who are in all
> > probablity not licensed or even caring
> > is always the best investment
>
> Anyone with even half a clue can consider the claims made and check them if
> they need to be checked, for free.
spoken like the online fool who would
take medical advice from another online
fool
>
> You cant manage something as simple as that ?
Of course I can. I could also google the
original question and probably get
better advice.
> Your problem.
no problems here old fella
Stan Brown
<billnoma...@yahoo.com>:
>
> If a mortgage payment is due on the 30th of each month, is there any
> advantage to paying it on the 1st of each month?
>
> (Pay earlier than the due date each month)
It depends on the mortgage. The mortgage on my first house computed
interest based on the actual dates payments were received, so there
was an advantage to paying early. The mortgage on my present house
computes interest on the date the payment is due, regardless of when
it is received,(*) so there is no advantage to paying early.
(*) There's a late fee for paying late, and presumably interest
starts accruing again if the payment is very late, but I don't know
the details.
--
Stan Brown, Oak Road Systems, Tompkins County, New York, USA
http://OakRoadSystems.com
Shikata ga nai...
Stan Brown
<do...@bother.com>:
[mostly good advice]
But the word is principal, not principle!
Fake ID
Malcom \"Mal\" Reynolds <atlas-...@invalid.invalid> wrote:
>
>yes, because getting free advice from
>anonymous posters who are in all
>probablity not licensed or even caring
>is always the best investment
Maybe in the olden days. Now this is called "crowd sourcing" and the
authority on all matters media, legal, financial, romantic, etc.
m
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>>>>>> Bill wrote:
>>>>>>> If a mortgage payment is due on the 30th of each month, is there
>>>>>>> any advantage to paying it on the 1st of each month?
>>>>>>>
>>>>>>> (Pay earlier than the due date each month)
>>>>>>
>>>>>> That all depends on how your mortgage is written!
>>>>>>
>>>>>> Jeff
>>>>>>>
>>>>>>>
>>>>>
>>>>> who would be the best bet to analyze your mortgage with frugality
>>>>> in mind, An accountant?
>>>>
>>>> Pity about the fee he will charge to do that. Much more frugal to
>>>> ask here instead.
>>>
>>> yes, because getting free advice from
>>> anonymous posters who are in all
>>> probablity not licensed or even caring
>>> is always the best investment
>>
>> Anyone with even half a clue can consider the claims made and check
>> them if they need to be checked, for free.
> spoken like the online fool who would take medical advice from another online fool
Spewed like the fuckwit you have always been.
>> You cant manage something as simple as that ?
> Of course I can. I could also google the original question and probably get better advice.
Not a chance. You're clearly too stupid to work out what is better advice.
>> Your problem.
> no problems here old fella
Wrong, as always, child.
Robert Neville
>But the word is principal, not principle!
Too late at night and fighting flu for past 3 days. You are correct! Cusion
should have been cushion as well.
Malcom "Mal" Reynolds
<7tcp3h...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> >>>>> who would be the best bet to analyze your mortgage with frugality
> >>>>> in mind, An accountant?
> >>>>
> >>>> Pity about the fee he will charge to do that. Much more frugal to
> >>>> ask here instead.
> >>>
> >>> yes, because getting free advice from
> >>> anonymous posters who are in all
> >>> probablity not licensed or even caring
> >>> is always the best investment
> >>
> >> Anyone with even half a clue can consider the claims made and check
> >> them if they need to be checked, for free.
>
> > spoken like the online fool who would take medical advice from another
> > online fool
>
> Spewed like the fuckwit you have always been.
so you would take medical advice from
another online fool. Good to know
>
> >> You cant manage something as simple as that ?
>
> > Of course I can. I could also google the original question and probably get
> > better advice.
>
> Not a chance. You're clearly too stupid to work out what is better advice.
All I need to know is that if you give
it or if you endorse it, it's wrong
>
> >> Your problem.
>
> > no problems here old fella
>
> Wrong, as always, child.
not that you can prove old fella
Malcom "Mal" Reynolds
<4b712297$0$1631$742e...@news.sonic.net
>,
no-...@sonic.net (Fake ID) wrote:
Yes, I'm familiar with that, but as you
can see, in this group, there isn't
enough of a "crowd" to provide a valid
answer
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>>>>>>> who would be the best bet to analyze your mortgage with
>>>>>>> frugality in mind, An accountant?
>>>>>> Pity about the fee he will charge to do that. Much more frugal to
>>>>>> ask here instead.
>>>>> yes, because getting free advice from
>>>>> anonymous posters who are in all
>>>>> probablity not licensed or even caring
>>>>> is always the best investment
>>>> Anyone with even half a clue can consider the claims made
>>>> and check them if they need to be checked, for free.
>>> spoken like the online fool who would take medical advice from another online fool
>> Spewed like the fuckwit you have always been.
> so you would take medical advice from another online fool.
I may well take free medical advice from someone who can cite the rigorous
science that supports the approach recommended like vaccination etc, yes.
You're too stupid to do something as basic as that ? YOUR problem, as always.
>>>> You cant manage something as simple as that ?
>>> Of course I can. I could also google the original question and probably get better advice.
>> Not a chance. You're clearly too stupid to work out what is better advice.
<reams of your puerile shit any 2 year old could leave for dead flushed where it belongs>
Malcom "Mal" Reynolds
<7tdu03...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote
why is it that fools like you think
censoring responses makes you seem more
"intelligent" old fella
--
Lorem ipsum dolor sit amet, consectetur
adipiscing elit. Cras lobortis volutpat
commodo. Morbi lobortis, massa fringilla
adipiscing suscipit, velit urna pharetra
neque, non luctus arcu diam vitae justo.
Vivamus lacinia scelerisque ultricies.
Nunc lobortis elit ligula. Aliquam
sollicitudin nunc sed est gravida ac
viverra tellus ullamcorper. Vivamus non
nisi suscipit nisi egestas venenatis.
Donec vitae arcu id urna euismod
feugiat. Vivamus porta lobortis
ultricies. Nulla adipiscing tellus a
neque vehicula porta. Maecenas volutpat
aliquet sagittis. Proin nisi magna,
molestie id volutpat in, tincidunt sed
dolor. Nullam nisi erat, aliquet
scelerisque sagittis vitae, pretium
accumsan odio. Sed ut mi iaculis eros
rutrum tristique ut nec mi. Aliquam nec
augue dui, in mattis urna. In pretium
metus eu diam blandit accumsan. Ut eu
lorem sed odio porttitor blandit.
Rod Speed
I just flush childish shit where it belongs, child.
Malcom "Mal" Reynolds
<7teem7...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
Apparently not. I still see your words
Rod Speed
Malcom "Mal" Reynolds
Rod Speed
Malcom "Mal" Reynolds
<7tj1la...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> <reams of your puerile shit any 2 year old could leave for dead flushed where
Rod Speed
Malcom "Mal" Reynolds
<7tjajj...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7tj1la...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> <reams of your puerile shit any 2 year old could leave for dead flushed where
> it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tjo2...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7tjajj...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> >> Malcom "Mal" Reynolds wrote:
> >>> In article
> >>> <7tj1la...@mid.individual.net>,
> >>> "Rod Speed" <rod.sp...@gmail.com>
> >>> wrote:
> >>>
> <reams of your puerile shit any 2 year old could leave for dead flushed where
> it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tljmc...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7to64g...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7toeqr...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tqr37...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7toeqr...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> >
> >>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>> In article
> >>>>>>> <7tjo2...@mid.individual.net>,
> >>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>> wrote:
> >>>>>>>
> >>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>> In article
> >>>>>>>>> <7tjajj...@mid.individual.net>,
> >>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>> wrote:
> >>>>>>>>>
> >>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>> In article
> >>>>>>>>>>> <7tj1la...@mid.individual.net>,
> >>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>> wrote:
> >>>>>>>>>>>
> <reams of your puerile shit any 2 year old could leave for dead flushed
> where it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tr7qe...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7tqr37...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> >> Malcom "Mal" Reynolds wrote:
> >>> In article
> >>> <7toeqr...@mid.individual.net>,
> >>> "Rod Speed" <rod.sp...@gmail.com>
> >>> wrote:
> >>>
> >>>
> >
> >>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>> In article
> >>>>>>>>>>> <7tjajj...@mid.individual.net>,
> >>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>> wrote:
> >>>>>>>>>>>
> >>>>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>>>> In article
> >>>>>>>>>>>>> <7tj1la...@mid.individual.net>,
> >>>>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>>>> wrote:
> >>>>>>>>>>>>>
> <reams of your puerile shit any 2 year old could leave for dead flushed
> where it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tsh3j...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7tr7qe...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> >> Malcom "Mal" Reynolds wrote:
> >>> In article
> >>> <7tqr37...@mid.individual.net>,
> >>> "Rod Speed" <rod.sp...@gmail.com>
> >>> wrote:
> >>>
> >>>> Malcom "Mal" Reynolds wrote:
> >>>>> In article
> >>>>> <7toeqr...@mid.individual.net>,
> >>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>> wrote:
> >>>>>
> >>>>>
> >>>
> >>>>>>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>>>>>> In article
> >>>>>>>>>>>>>>> <7tj1la...@mid.individual.net>,
> >>>>>>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>>>>>> wrote:
> >>>>>>>>>>>>>>>
> <reams of your puerile shit any 2 year old could leave for dead flushed
> where it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tu0fk...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tv5t1...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7tv5t1...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Malcom "Mal" Reynolds
<7tu0fk...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Malcom "Mal" Reynolds
<7tsh3j...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7u1hmn...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Malcom "Mal" Reynolds
<7u0gv4...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7u44ka...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7u1hmn...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>> In article
> >>>>>>>>> <7tr7qe...@mid.individual.net>,
> >>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>> wrote:
> >>>>>>>>>
> >>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>> In article
> >>>>>>>>>>> <7tqr37...@mid.individual.net>,
> >>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>> wrote:
> >>>>>>>>>>>
> >>>>>>>>>>>> Malcom "Mal" Reynolds wrote:
> >>>>>>>>>>>>> In article
> >>>>>>>>>>>>> <7toeqr...@mid.individual.net>,
> >>>>>>>>>>>>> "Rod Speed" <rod.sp...@gmail.com>
> >>>>>>>>>>>>> wrote:
> >>>>>>>>>>>>>>>>>>>>>>>
> <reams of your puerile shit any 2 year old could leave for dead flushed
> where it belongs>
why is it that fools like you think
censoring responses makes you seem more
"intelligent" old fella
--
ELOQUIDIOT (n) A highly educated,
sophisticated, and articulate person who
has absolutely no clue concerning what
they are talking about.
Rod Speed
Malcom "Mal" Reynolds
<7u5jb0...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7u71ti...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7uahii...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
> Malcom "Mal" Reynolds wrote:
> > In article
> > <7u71ti...@mid.individual.net>,
> > "Rod Speed" <rod.sp...@gmail.com>
> > wrote:
> >
> >> Malcom "Mal" Reynolds wrote:
> >>> In article
> >>> <7u5jb0...@mid.individual.net>,
> >>> "Rod Speed" <rod.sp...@gmail.com>
> >>> wrote:
> >>>
> >>>> Malcom "Mal" Reynolds wrote:
> >>>>> In article
> >>>>> <7u44ka...@mid.individual.net>,
> >>>>> "Rod Speed" <rod.sp...@gmail.com>
>
> <reams of your puerile shit any 2 year old could leave for dead flushed
> where it belongs>
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7ub35c...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
Rod Speed
Malcom "Mal" Reynolds
<7uc9oq...@mid.individual.net>,
"Rod Speed" <rod.sp...@gmail.com>
wrote:
why is it that fools like you think
SMS
> Given the historically low mortgage rates these days, paying off your mortgage
> early should take back seat to paying off car loans, credit cards and building
> up your personal cash cusion.
This is true, but the savings interest rates are even lower than the
mortgage rates. For a cash cushion you can get a HELOC, while paying
your mortgage off as quickly as possible.
Amazing to recall that simple savings accounts used to pay 5.25%
interest _and_ mortgage rates were 4.5-5%. Nowadays you see banks
boasting about 2% interest on CDs.
SMS
> If a mortgage payment is due on the 30th of each month, is there any
> advantage to paying it on the 1st of each month?
>
> (Pay earlier than the due date each month)
No. It will not save you any money.
Rod Speed
Alim Nassor 1
> VFW wrote:
> > In article <hkpghi$a...@news.albasani.net>, jeff <jeff_th...@att.net>
> > wrote:
>
> >> Bill wrote:
> >>> If a mortgage payment is due on the 30th of each month, is there any
> >>> advantage to paying it on the 1st of each month?
>
> >>> (Pay earlier than the due date each month)
>
> >> Jeff
>
> > who would be the best bet to analyze your mortgage with frugality in
> > mind, An accountant?
>
> You can try just reading it. What you really want is to make an extra
> payment, ie two on the 30th at least once. That extra should come purely
> off the principal, early in a loan it is almost all interest, so you are
> ahead there. After that, I wouldn't bother. The math to figure out exact
> interest depending on actual payment date is messy and I doubt anyone
> applies it.
>
> Paying more, so you pay off early can be substantial. Just what you
> can do and get credit for should be written in. Google yielded this:
>
> http://www.mortgageqna.com/mortgage-payment/early-pay-off-penalty-for...
>
> I'm inclined to think that your real estate agent should have told you
> what was allowable. It's been a while since I've had a mortgage, so I
> don't know what is standard now. Back then you could pay more and it
> would come off your principal. Now, there are gotchas.
>
> I misread this a bit when I first looked at it, so I wanted to clear
> up any misunderstanding. I doubt paying on the first, if your loan is
> due on the 30th, will be of any benefit.
>
> Jeff- Hide quoted text -
>
> - Show quoted text -
Real estate agents are not the person to ask about mortgage terms.
They have nothing to do with the mortgage.