Making lump sum payments on a mortgage is a great way to pay down the principal and shorten your amortization. But unfortunately it will not change your monthly payments. The sum you put into your mortgage gets applied directly to the principal outstanding without making any changes to the term or the payment itself. #mortgage #mortgagetips #interestrates #mortgagebroker
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A mortgage recast lets you apply a lump sum toward your principal and shrink your monthly payment—same loan, smaller bill #pinellohomes #topagent #realestate #instagood #firstrimehomebuyer #longisland | Giuseppe Pinello
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What Is a Lump-Sum Payment, and How Does It Work?
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❗️**₱400,000 na Nenkin lump-sum payment — baka hindi mo 'to makuha kung di mo alam 'to!** 😱 Marami ang umuuwi ng Pilipinas na walang kaalam-alam na may pwede pa silang i-claim! Paano makuha ang Nenkin refund? ✅ Kailangan permanenteng umalis ng Japan (o mag-leave ng 1.5 buwan) ✅ Mag-cancel ng address sa city hall ✅ Tapos dapat ihinto ng company ang Nenkin contributions mo 📌 Note: Kahit 7 taon ka nang nagtatrabaho, hanggang 5 taon lang ang refundable! Kaya kung nasa 4–5 taon ka na, baka ito na a
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