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I have been trying to get an answer on what my remaining mortgage balance will be after this months payment but they won't tell me

by braec147 from Lexington, Oklahoma. Oct 1st 2014 Reply

William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,369 contributions

That's weird.. normally, lenders have no problem giving you account information.. regardless, it's easy to figure out.. if you look at your last statement, it should show you a breakdown of your past payment.. principal, interest, escrow.. if you can see how much of your last payment was applied to principal, then your next payment will have slightly more applied to principal.. just deduct the principal amount from your current balance. You can also go to an internet calculator and determine how many months remaining you have and type that into the calculator along with your current interest rate and then look at the amortization schedule. It should show you exactly how much of each payment you pay will go towards principal and what your balance would be.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714

Oct 1st 2014
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