PayPlan/52 drafts one fourth of your payment amount each week. After one year of participating in this plan, you will have made an equivalent of 13 payments. The additional funds that you paid are directly applied to the principal balance of your loan. While other lenders may offer similar plans, they also charge significant up-front fees, which can add up to hundreds of dollars. With PayPlan/52, you pay nothing to enroll, and a nominal fee of $2.00 for each weekly transaction. This payment option is available for most fixed rate loan products. It is not available for Adjustable Rate Mortgages or Home Equity accounts. Select PayPlan/Services under Payment Services to learn how to enroll.

George, do you understand why the feedback center lists this as resolved?

Thank you.

Please post any further developments and I will do the same.

Thank you.

A servicer cannot modify the due date of the Note as that is set at the beginning of the contract. Should the loan be released to another company for servicing, the original terms of the contract would be honored by the new servicer. Payments under the PayPlan are collected before the contractual due date so that a full payment (see section 3 of your Note) is posted on the due date.

Because of the timing of payments collected sometimes will result in 2 extra weekly payments being collected (1/2 of the monthly payment), this is applied directly to principal on the loan, thus reducing the amount going toward interest (if allowed by the Note). This happens twice a year.

You can request an amoritization schedule to show you the comparison.

As to the fee for the service, check your Note for verbiage “Interest will be calculated on unpaid principal until the balance…” If this is present, you don’t have to join the PayPlan programs to enjoy the effects of paying less in interest over the term of your loan. These loans, if you pay anything toward principal, is recalculated the next month to have less interest calculated. Given, your payment will remain the same, but the amount to go toward principal will be greater for the rest of the loan and you will shorten the life of the loan.

The time you would save off of the life of the loan for any principal reduction is taken off the end of the loan, where the payments toward interest is the least and principal the most. If you pay $50,000.00 on a $100,000.00 outstanding balance, you won’t cut your loan time in half. You have to go to your amortization schedule (given in the closing documents) and subtract the amount going toward principal off the last payment from the $50,000.00 and work your way backward.

If you don’t have the special clause, it is a fixed payment loan and the “fee” that other companies charge sometimes $300.00 to do for a “recast” is where they take the principal reduction and recalculate the remaining balance based on the original terms of the loan over the existing maturity date for the loan, thus lowering the amount toward interest and more toward principal. You could save thousands in interest for a small fee up-front.

Back to PayPlan 52, the cost of drafting electronically on a weekly basis and the lack of a “recast” fee is greatly offset by the thousands of dollars in interest you could save in the long run.

Left Hand: Hey Right, what are you up to?
Right Hand: I told you yesterday.
Left Hand: What? No you didn’t
Right Hand: Dude, do you even listen to me when I talk?
Left Hand: Dammit Right, I don’t have time to listen to you blather on about your empty existance.
Right Hand: *slumps head and frowns* bbbut, I thought you cared *whimper*

I do have a dual-tuner Media Center, currently running Vista, which I’m upgrading to Windows XP 2005 Media Center Edition.

Doesn’t it suck that you have to TiVo either Heroes and watch 24 or vice versa? (or if you have the dual TiVo tuner than you are set)

Do you know if there is a workaround for this?

Thanks in advance.

Rich

keep up the great work!

I’m having problems with a feed though, and I don’t know if it’s the feed itself, or something in your application. The RSS URL: http://www.tullverket.se/tullverket/rss/foretag.aspx

Many thanks

T

Ray

Enough Respect!

Cheers!

I suspect that if I realy knew something about XLST, I could add it, but I don’t.

Thanks

A lot of thanks

And I don’t even use SharePoint.

From the bottom of our (Kim, David and Kent) hearts, CONGRATULATIONS!

If you ask me, that seems like a roundabout way to get something when they should have explicitly included a method to grab the schema without having to do a select statement first (even if the method just did this behind the scenes). Oh well, maybe someday they’ll get with the program and pay me truckloads of cash to design their stuff for them ;-)