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Q. I was wondering what additional principal payment means? -- By Harvey Jackson A. Additional principal payment is payment by a borrower of more than the scheduled principal amount due in order to reduce the remaining balance on the loan.
Q. Should I fill out my mortgage paperwork alone? -- By Harvey Jackson A. The answer is no. All the paperwork required to complete the purchase of a home can be quite intimidating and frustrating for a homebuyer. Make sure you have your lenders help you with all the paperwork. Get help from your team, your lender and agent. Their expertise will help alleviate the stress and it will prove to be invaluable before you sign your mortgage.
Q. What does FSBO mean? -- By Harvey Jackson A. FSBO means For Sale By Owner.