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oIf I have a 30 year mortgage is there any way my loan could NOT be paid off in 30 years if I always make payments on time?

by tylerreeman from Poway, California. Jul 9th 2013 Reply


Stacey Nielsen (Unitywestlending)
#909 ranked lender in California - 123 contributions

Making all your payments on time, Great! 30 due in 30 term, your loan should be paid off in 30 years. You could also explore other Loan products that may help you to keep the same payment or even lower the payment and also shorten the term of the loan. Call us 714-881-5970 or Email - info@unitywestlend.com

Jul 9th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Only if you do a loan modification that allows for non-standard terms, such as a balloon payment at the end of 30 years. Few, if any, lenders will issue a loan or a loan modification with these type of terms.

Jul 9th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes. If you have late fees accrued or are somehow delinquent on your property taxes, or have accrued some type of other fees from the bank like $50 faxing fees. These will all be added onto the loan so keep watch on a regular basis of the balance to make sure these are not added.

Jul 9th 2013
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Al Tabrizi (HardMoneyLender)
#835 ranked lender in California - 3 contributions

As long as you make all your payments on time, and you have a 30 due in 30 term, your loan should be paid off in 30 years.

Jul 9th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

No. As long as your property taxes were also paid on time as well and didn't modify your loan voluntarily at any time.. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Jul 9th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

Tyler -- as long as your payments are made within nine days of their due date (most contracts have a 10 day limit before late charges), every month for the entire 360 months, (and your don't refinance or have the mortgage modified) then it will be paid off by the date show on the mortgage contract.If you add a bit to each payment, you will actually pay it off faster (obviously the more you add the sooner it will be paid off.) For example, if you take a regular payment and divide it by 12 and then add that much to each payment, you are adding a extra payment plus each year, and it will save you a fewyears on the payoff date.

Jul 9th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, as long as you make all of your payments on time for the full amount due, your mortgage will be paid off in 30 years. If you refinance that can extend the life of the loan - i.e. if you refinance 5 years after you originally obtained the loan to a new 30 year loan you will not pay the loan off for 35 year from when you originally took out the first loan.

Jul 9th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

In theory, no. Make all your payments on time, loan pays off on time.

Jul 10th 2013
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