D
dogsbollix
Guest
Hi
I have a 20 year commercial loan and the lender has a 30k lien payment of mine. I am wondering if i approach them will they use it for the monthly payments? Otherwise if they say No and I default on payments do they just hold it or what happens. I don't want to approach the lender as they will know I am struggling on the payments then. I suppose in short I am wondering that if they don't apply it to the loan when do they start drawing on it or when do I get the use of it?
Thanks
I have a 20 year commercial loan and the lender has a 30k lien payment of mine. I am wondering if i approach them will they use it for the monthly payments? Otherwise if they say No and I default on payments do they just hold it or what happens. I don't want to approach the lender as they will know I am struggling on the payments then. I suppose in short I am wondering that if they don't apply it to the loan when do they start drawing on it or when do I get the use of it?
Thanks