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Updated almost 2 years ago on . Most recent reply

Hemal Adani's profile image
Hemal Adani's profile image
Hemal Adani
  • New to Real Estate
  • from Iselin, NJ
  • Member since Feb 1, 2022
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40
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Hemal Adani's profile image
Hemal Adani's profile image
Hemal Adani
  • New to Real Estate
  • from Iselin, NJ
  • Member since Feb 1, 2022
Connect
Hemal Adani
  • New to Real Estate
  • Iselin, NJ
16
Votes |
40
Posts
Starting Out

Will paying off Fannie Mae loan decrease mortgage payment?

Hemal Adani
  • New to Real Estate
  • Iselin, NJ
Posted

Hi All, I have mortgage from WellsFargo tell me that even if I pay additional payment to principal won't decrease the mortgage payment. is this true? They said minimum payment to be adjusted has to be $20,000 and they will adjust payment after 3 months. Anything less, won't affect?

Dallas, Texas
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