Hello All! This relates to a Mortgage Payment scenario. Calculation of the payment ( PMT(Int/12,Term,-Bal.) ) then illustrating the effects of an...
How to Figure Out the Finance Charge Refund for an Early Payoff While paying off a loan early can lessen the finance charges you pay, you may still owe more than you think you should. This often happens becausecreditorstypically set up your repayment plan where you pay larger monthly interes...
It’s also possible to go the stated income route if you feel you won’t qualify for the loan based on your gross income alone. But unlike the liar’s loans of the early 2000s, today’s stated loans rely on a healthy stable of assets to offset any income shortcomings. One such examp...