Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

Calculating multifamily mortgage

Author Message
Icon Mini Profile info93





Joined: 16 Mar 2010

Posts: 1

1.26 Dollars($)
Post Posted: Tue Mar 16, 2010 7:52 pm    Post subject: Calculating multifamily mortgage
Like 0
Dislike 0

1. What is the closing cost by %.
2. What # do I use for loan points.
3. How do best answer Amortization years (30)
Term of years (?)
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Wed Mar 17, 2010 3:12 am    Post subject:
Like 0
Dislike 0

As far as I know, there are some closing costs that are determined by law while some other costs are determined by the lender. There are certain costs which are charged as a customary in a given region. You need to speak to your lender and check out what your closing costs would be like.

As far as points are concerned, check out the given page:
http://www.mortgagefit.com/know-how/points.html

I did not understand what you wanted to say by
Quote:
How do best answer Amortization years (30)
Term of years (?)
Can you please explain?
_________________
Good is the Enemy of Great.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.192 seconds.