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rachard1583
Joined: 18 Oct 2010
Posts: 18
4.15 Dollars($)
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Post subject: |
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It is important that you know the interest rate you get or pay for money. If you know what that true interest rate is, it is easy to make a comparison with other loan or savings sources.
[Url Deleted as per forum rules. Thanks] |
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prabhashjp
Guest
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Post subject: Interest calculation |
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| How this interest rate factor is calculated |
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MangoMan77
Guest
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Post subject: Rounding Issues |
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| If your result goes beyond the precision of a penny, what happens to the rest of the numbers? |
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Guest
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Post subject: |
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| Your query is not clear to me, MangoMan... Explain it in details, please. |
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Question?
Guest
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Post subject: Daily Interest Loans |
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| If I am due for 4/1 and if your monthly payment is 400.00, and I make 1200.00 payment in one month, what would be my next due date for a daily interest loan? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10476
Location: Nevada
989.90 Dollars($)
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Post subject: |
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Hi Guest,
You need to contact your lender in order to know the next due date for your daily interest loan.
Thanks |
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sgamerino
Guest
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Post subject: Daily interest |
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I was told that conventional loans are calculated with 360 and government loans with 365.
What is correct?
Thank you. |
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Guest
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Post subject: |
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| Contact your local lenders and they will better guide you regarding this matter. |
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Petal
Guest
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Post subject: Reducing Home Loan by paying daily payments! |
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| Can you please tell me how to work out the years saved and interest saved by paying a $268872.00 home loan @ 8.25% over 27 yrs daily payments of $70 instead of weekly payments of $483...?? |
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Guest
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Post subject: |
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| Better to contact your lender. He will guide you in doing the calculations! |
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KRB
Guest
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Post subject: DAILY INTEREST MORTGAGE LOANS |
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| If you have a daily interest loan would you have the typical 30 day pay window in the mortgage contarct? If so would this not be confusing? |
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Guest
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Post subject: |
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| Well, I don't think it will be confusing!! Why do you say it will be confusing?? |
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