Legal Question in Business Law in Michigan

if i write "apply full amount to principle" on a check for my house payment, do they have to do that?


Asked on 8/25/10, 7:04 am

1 Answer from Attorneys

Shelly Schellenberg MI & FL private practice

No, your mortgage requires you to pay interest first. Then, any penalties or escrow shortages are paid. Any additional amount should be applied to the principle.

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Answered on 8/30/10, 12:24 pm


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