Monthly Payment decrease when making large payment to principle
So I have had many properties that I had put the typical 20% or 30% down on a 30 Year loan and had a Fixed payment with the bank. When I had extra money or a large commission I would always put large amounts to the principle. Is there a loan product that will adjust down your payment as you pay down the loan? My payment always stayed the same even down to the last penny. I know a company in Houston that advertises this, but I had a bad experience with them and wont use them again. This would be a very popular program. Wells Fargo has done 90% of all my loans. They do not have this product.