re structuring payment after applying a lump sum
June 19th, 2013 by Questions
i am refinancing my home and will have a sum of cash to put on my CP. will i be abkle to restructure the payment amount . based on a new balance
Posted from: Alberta
One Response to “re structuring payment after applying a lump sum”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
June 19, 2013 at 6:04 am, A licensed trustee said:
Certainly – what you are suggesting is a lump sum pre-payment. All you need to do is ask your trustee to recalculate your payment based on the remaining balance to complete the proposal in the same amount of time as you originally planned. Or you could keep pick a higher number than that for your payment and finish the proposal early. Give your trustee a call to discuss this…