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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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Gladiator118 P
post Jun 30 2024, 09:00 AM

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I have a 550k mortagage loan with 4.35% interest from 10 years ago. I'm parking 450k into loan and somehow the installment shown changed to 1.3k instead of original 2.7k.

My question is, does bank revise our installment value automatically if there's additional money parked in loan? So when withdraw that additional money, it will revert to original installment?

 

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