The tides there range from 3.5m (11ft) to 16m (53ft) and cause erosion, creating massive cliffs. This erosion also releases nutrients into the water that help support marine life. Currents associated with the tides are called flood currents (incoming tide) and ebb currents (outgoing tide).
Once that monthly interest is paid, anything additional can be applied to the principal, and this will lessen the amount of future interest you will pay on the loan.At the same time, any payments that you make will always pay the current interest due first. Hereâs an example :. I donât believe you can make a âprincipal onlyâ payment, call your servicer to find out for sure. However, as long as you are making the contracted principle and interest payment, most contracts allow for prepayments without penalty.
You can pay closing costs yourself or pay a slightly higher interest rate to a lender who pays the costs for you. You cannot have the loan origination charges, title insurance or other costs added to your loan. The only cost you can add to your new loan is the up-front mortgage insurance premium. If youâre refinancing an FHA loan that youâve had for less than 36 months, the FHA applies part of your original premium toward the new premium.