The buyer wasn't a U.S. citizen, he had five different employers, and he had horrible credit. Happily, lenders are adopting tougher pre-approval rules. But get it in writing before you make any plans based on a lender's word. BACK TO THE TOP 10. Can't Be Sure.
Many homeowners pay down their principal early, bit by bit.
It's a great way to reduce your interest payments over time. But when they got their year-end mortgage statement, there was no record of that payment. The Aaron's lender had stashed it in a savings account. Only after two months of phone calls and irritation was the bank able to find the cash and put it where it belonged. It confuses payment schedules, for one thing.