This form is a sample letter in Word format covering the subject matter of the title of the form.
Loan Payoff Form With Extra Payments In Middlesex
State:
Multi-State
County:
Middlesex
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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Middlesex Bancorp MHC Middlesex Savings Bank / Parent organization
Ideally, you want your extra payments to go towards the principal amount. However, many lenders will apply the extra payments to any interest accrued since your last payment and then apply anything left over to the principal amount. Other times, lenders may apply extra funds to next month's payment.