In 10 years, what is the value of $100 invested today at an interest rate of 8% per year, compounded monthly?A. $222.B. $216.C. $180.正确答案:A 分享到: 答案解析: N = 10 × 12 = 120; I/Y = 8/12 = 0.666667; PV = –100; PMT = 0; CPT → FV = 221.96....
Is a VA streamline refinance right for me? Here are some scenarios where a VA streamline refinance can be a smart move: You want to lower your monthly payments.You can reduce your monthly mortgage payment and pay much less over the life of your loan with a lowerinterest rateVA IRRRL. Tha...
What is the current average student loan debt and monthly payment? As of 2024, the average student loan debt for borrowers in the U.S. is approximately $40,681. The average monthly payment sits around $500, with specific amounts differing based on the borrower’s loan terms, interest rate...
Understanding the Loan-to-Value (LTV) Ratio Determining an LTV ratio is a critical component of mortgageunderwriting. It may be used in the process ofbuying a home,refinancinga current mortgage into a new loan, or borrowing against accumulatedequitywithin a property. ...
A VA loan is guaranteed by the U.S. Department of Veterans Affairs. It offers favorable terms and rates to past and current military members.
The rate you get depends on current market conditions and your qualifying factors. The best way to get the lowest rate is to increase your credit score, lower your debt-to-income ratio and make as much of a down payment as possible. ...
The current Wall Street Journal prime rate is 8%. When you open a credit card or get another short-term loan, your interest rate is tied directly to the current prime rate. It also impacts adjustable-rate mortgages. However, for longer fixed-rate loans like student loans or 30-year, ...
This is one of the most appealing VA home loan benefits because even a slight reduction in the interest rate can save you thousands of dollars over the life of your loan. 4. Government insured There’s a reason why the VA loan comes with such favorable terms. The federal government guarant...
FHA or VA loans are not subject to LLPA fees. Loan-level price adjustments, or LLPAs, are fees that influence the cost of a conventional mortgage based on a borrower's risk level. LLPA fees lower mortgage pricing for low-risk borrowers while raising the cost for higher-risk borrowers. ...
Is the stock market (index funds, of course) still the right place for my money? What if I want to buy a house? What about mycurrenthouse – should I hang onto it forever because of the solid-gold 3% mortgage I have locked in for the next 30 years?