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How are payments applied?
Payments are applied first to lender loan fees, then interest, then finally principal. A lender fee might be to collect Home Owner Fees, taxes or other... -
Customer Support started a topic What is a "Scheduled Payment," "Extra Payment" or "Principal Adjustment?"in Main ForumWhat is a "Scheduled Payment," "Extra Payment" or "Principal Adjustment?"
Making manual entries or selecting payments types affect the way your payment is applied to the loan.
A Scheduled Payment advances the due...