Comments on: Why The Government Must Stop Making Housing “Affordable” https://realtybiznews.com/why-the-government-must-stop-making-housing-affordable/98725540/ With the latest on mortgages, refinancing, real estate & home tips Thu, 12 Mar 2015 18:16:55 +0000 hourly 1 http://wordpress.org/?v=4.1.1 By: Donna S. Robinson https://realtybiznews.com/why-the-government-must-stop-making-housing-affordable/98725540/#comment-269312 Wed, 23 Jul 2014 17:57:39 +0000 https://realtybiznews.com/?p=25540#comment-269312 Thanks for your comments KJ.
Realty Biz News does allow me to freely express my thoughts. Like you I am skeptical of the “always sunny skies” forecast that constantly emanates from the industry media machine. As for prepaying principal, I’d like to add that it’s best to include prepayments as a separate check, marked specifically “to be applied directly to principal”. This makes it more difficult for banks to make – ahem – “mistakes” such as you have experienced. It is also a good idea to check with your specific lender to see if they have a particular procedure for submitting additional principal payments.

]]> By: kj https://realtybiznews.com/why-the-government-must-stop-making-housing-affordable/98725540/#comment-269306 Wed, 23 Jul 2014 15:24:42 +0000 https://realtybiznews.com/?p=25540#comment-269306 Great info.
I like your realist approach in your articles.
And unlike a chronically overactive “optimism” shill writer that also submits articles to realtybiznews.com, you actually post reader comments.

I had a mortgage company try to apply my extra principle payment, that I made every month, to my next months interest payment.
I had to call them each and every month to have them reallocate the extra $$ to the principal.
You must be diligent about follow up when dealing with some banks

]]>