Good morning,The client’s total loan amount at closing was $398,442. We received the clients’ payment for March. That payment was posted to his account Attached is his accounting summary. Plaza Home Mortgage bought the loan less the first payment with a total balance of
$397,855.01. There was an additional principal payment of $made with his first payment which was forwarded to Plaza on 3/to be applied to that principal balance. We will write the borrower a letter today and attach the necessary documents to show him how his payment was applied
Good morning,The client’s total loan amount at closing was $398,442. We received the clients’ payment for March. That payment was posted to his account Attached is his accounting summary. Plaza Home Mortgage bought the loan less the first payment with a total balance of
$397,855.01. There was an additional principal payment of $made with his first payment which was forwarded to Plaza on 3/to be applied to that principal balance. We will write the borrower a letter today and attach the necessary documents to show him how his payment was applied