Paul
San Diego,#2Consumer Suggestion
Sat, March 02, 2002
I am not an employee, nor a supporter or Homeq (I have never had a loan with them, but am looking into it)...but I must take their side on this issue. The truth of the matter is that at the beginning of most mortgage loans interest is paid at first, and after the interest is taken care of, the principle will begin to come off. You signed a loan that states a set number of months to pay off the loan, my suggestion is to pay as the contract states and at the end of that time period you will have paid off your loan. Of the motgage loans in the past, I have seen this practice on most if not all of them, and personally, it doesnt matter to me as long as it works out the same in the end.