Posts by Daniel Doyle11

👍Hey everyone—I have a quick question regarding what happens once a bank loan is fully paid off. Specifically, we’re looking at a loan taken out back in 2005 where the first two tranches are set to expire in March 2019. I'm wondering what the next steps are after that period ends? How does the payment structure work from there, and is there any chance we could look into reprogramming the terms here? We’ve been paying around 4.3% up until now, but I’ve noticed that interest rates on loans via the Associated Press are hovering closer to the 3-3.3% range lately. Also, if anyone here has hands-on experience with settling an entire debt with the Associated Press, I would love to hear your thoughts. Best regards!

Hey everyone, I have a quick question regarding what happens once a mortgage is fully paid off to the bank. Specifically, I’m looking at a loan taken out back in 2005 where the first and second tranches are set to expire in March 2019. What exactly kicks in after that? How does the repayment structure work from that point on? Also, is there any possibility of reprogramming the terms here? Up until now, we've been paying around 4.3%, but I see that current interest rates on FHA loans are sitting somewhere between 3% and 3.3%. On top of that, has anyone here had any actual experience dealing with paying off the full debt owed to the FHA? Any insight would be greatly appreciated! Best regards.