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What is the annual percentage rate table for monthly payment plans used for?

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Icon Mini Profile leeelliot61





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Post Posted: Mon Oct 05, 2009 9:54 pm    Post subject: What is the annual percentage rate table for monthly payment
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What is the annual percentage rate table for monthly payment plans used for?
Icon Mini Profile sunnyca2009





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Post Posted: Mon Oct 05, 2009 9:57 pm    Post subject:
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where did you get this from
Icon Mini Profile jenkin7
jenkin7




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Post Posted: Mon Oct 05, 2009 10:30 pm    Post subject:
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Hi lee,

As far as I know, the annual percentage rate table for monthly payment plans gives the borrower an idea about how the mortgage payment is going to change during the entire term of the loan.
Icon Mini Profile marklavender1





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Post Posted: Tue Oct 06, 2009 5:38 am    Post subject:
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hi lee,

An annual percentage rate table for monthly payment plans shows how much your monthly payment will change during the years of the loan.
Icon Mini Profile millerja9





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Post Posted: Tue Oct 06, 2009 9:43 am    Post subject:
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In general, what you can calculate with a mortgage calculator or Excel spreadsheet is not only the Annual Percentage Rate (APR). If you input taxes, insurance, LTV (loan to value), and whether you'll be making extra monthly/yearly payments along with the property value and loan rates you can see the amortization table for your loan and compare different mortgage loan features.
Icon Mini Profile dollylee9





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Post Posted: Fri Oct 09, 2009 10:28 am    Post subject:
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APR provides borrower detailed information about the montly finance for entire loan term.

The financila calculaton will help borrower to know his financial status of loan.
Icon Mini Profile adrianlee1971





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Post Posted: Tue Oct 13, 2009 6:13 am    Post subject:
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you can Use the annual percentage rate table on a home equity line of credit to see how your monthly payments may change in the future
Icon Mini Profile marga1511





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Post Posted: Sun Dec 13, 2009 9:41 am    Post subject:
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Good explained by MILLER.
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