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 willimartha
Joined: 27 Jun 2009
Posts: 57
-0.11 Dollars($)
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 Posted: Mon Jul 20, 2009 12:15 pm Post subject: Do I need to know the negative amortization formula for mort |
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| Do I need to know the negative amortization formula for mortgage loans? |
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jk9999
Joined: 15 Jul 2009
Posts: 110
1.53 Dollars($)
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| Posted: Mon Jul 20, 2009 12:38 pm Post subject: |
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Hello William, what do you need to know? you monthly payment? There are a lot of online calculation tools you can use which is very easy, here is one: "http://www.realtor.com/home-finance/" hope this helps.
[External link deactivated as per forum rules] |
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andyth09
Joined: 21 Jul 2009
Posts: 17
0.00 Dollars($)
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| Posted: Tue Jul 21, 2009 11:00 am Post subject: |
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| Knowing the negative amortization formula is not necessary when you are taking a mortgage loan. Rather than formulas, what you need to know is the negative amortization cap and schedule because your payments will increase when the recast limit is reached. |
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andyth09
Joined: 21 Jul 2009
Posts: 17
0.00 Dollars($)
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| Posted: Tue Jul 21, 2009 11:01 am Post subject: |
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