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.
Realtor Commission as Down Payment on Conventional Loan. Not only will FHA allow commission as down payment, but a Fannie Mae loan will too. So for higher credit scores and/or higher down payments, a conventional loan could make more sense. Fannie Mae loans require 3% or more down payment.