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Can the borrower pay more on principal than the amortization schedule requests?

April 26, 2017amortization borrower pay Principal requests schedule

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Can the borrower pay more on principal than the amortization schedule requests?

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No, the SBA 504 program is not designed to accept early payments due to the structure of debentures that fund the loan. We recommend that the borrower accelerate payments on their first mortgage (typically, the first has a higher interest rate and is more expensive).