Search results “Mortgage rates in payments”
How to Calculate Mortgage Payments | BeatTheBush
Since a mortgage principal gradually reduces are you make the monthly payments, the interest accrued reduces as you make payments. This make is so that calculating equal payments of the life of the loan a bit difficult. A brute force method would be to just calculate every payment for the life of the loan and make sure the payment amount results in a 0 payment at the end. In contrast, one can just also use a pre-calculated formula for this. There's an error in this video. The (1-r)^n term should be replaced with (1+r)^n. The formula in the spreadsheet is correct. Sorry for the confusion. Mortgage Calc Spreadsheet: http://bit.ly/2ouI5T3 Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY My Tech Reviews: https://www.youtube.com/channel/UCMJPtLUzXP6vKn_Vg2yQehQ
Views: 21671 BeatTheBush
Compare Mortgage Payments at Two Different Interest Rates (Formula)
This video explains how to the loan formula to determine how an interest rate change affects a monthly payment. http://mathispower4u.com
Views: 2352 Mathispower4u
How to pay off a 30 year home mortgage in 5-7 years
SUMMARY: In the above video I reveal a powerful strategy that is practically available to all, but is known and fully understood by a very few. If one takes the time to learn and implement this method of eliminating debt, one may find themselves pleasantly surprised of how quickly their home mortgage, auto loans, student loans or business loans can be completely paid off. This strategy is known as Velocity Banking and in the video I will demonstrate how Velocity Banking can be used to pay off a 30 year home mortgage in just 5-7 years without sending double payments to the bank or changing one’s current level of income. RECAP OF THE VIDEO: I start off by creating a scenario of a financial situation by taking an average household net income in the United States combined with some of the basic monthly expenses: home mortgage, minimum payment on a credit card, car payment and living expenses which include groceries, utilities, gym membership… Once all expenses are identified and subtracted from the net monthly income it is important to understand the impact of cash flow, the difference between a loan and a line of credit, how the interest of a loan and a line of credit is calculated, and how monthly payments on a mortgage are dispersed between interest and principal paydown. To help demonstrate these differences I create tables and an amortization graph. As I go on to unveil the main differences I also identify the biggest reason why nowadays most homeowners are unable to payoff their home mortgages due to the unstrategic use of home refinancing. By this point having had identified the difference between a loan and a line of credit I can reveal the benefits of utilizing a line of credit to pay off a home mortgage in 5-7 years. This is where I get into the Velocity Banking strategy which incorporates an unaccustomed method of moving one’s entire monthly paycheck into a line of credit instead of the accustomed checkings and savings accounts. By adopting this method one can leverage a line of credit to free up cash flow, gain cash back rewards, build credit history and improve credit score, but the greatest leverage created is the thousands if not hundreds of thousands of dollars in interest savings. KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 Android version: https://play.google.com/store/apps/details?id=com.drcalculator.android.mortgage ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking & Real Estate Investing Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies. Not everyone will experience 100% success rate by using this strategy as it requires a commitment to keep applying this strategy over time until the desired result is achieved. I (Laura Pitkute) do not promise or guarantee any specific outcomes and/or results from the use of this strategy.
Views: 3061505 Laura Pitko
How Do Principal Payments Work On A Home Mortgage?
Too many Americans stay in debt longer than necessary simply because they don’t understand the relationship between principal payments and simple interest. Figure out your mortgage options here: https://goo.gl/1up9dK SUMMARY In this video, Meagan from Bakersfield, California, calls Dave to talk about principal payments on her home mortgage. She is currently in Baby Step 2—paying off her debts using the debt snowball method. As she begins to think about her mortgage, she asks Dave, “How do principal payments work?” Dave breaks it down with a simple interest calculation. Take the interest rate of your mortgage, divide it by 12 months, and then multiply it by the outstanding balance that month. That will give you the interest charged for that specific month. The rest of your payment goes to principal. To break it down further, Dave gives a simple interest calculation example. He explains that your mortgage payment will stay the same each month, but as you pay more on the loan, you’ll begin to see more of each payment going toward principal and less going toward interest. This simple interest calculation is a basic way to understand how principal payments work and outlines a way to pay off your mortgage fast! RESOURCES Want to estimate your monthly mortgage payment? Check out our Mortgage Calculator: https://www.daveramsey.com/mortgage-calculator To learn more about the Baby Steps and how you can start knocking out your debt, visit our site: https://www.daveramsey.com/baby-steps Have other questions about mortgages? We’ve answered them here: https://www.daveramsey.com/blog/mortgage-questions THE DAVE RAMSEY SHOW The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw
Views: 98678 The Dave Ramsey Show
Mortgage Calculator
How to use the monthly payment formula for mortgages/loans with fixed interest rates.
Views: 8003 MathWithMisterA
How to find Interest & Principal payments on a Loan in Excel
More help: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt How to find the interest and principal payments on a fixed rate loan in excel. This tutorial will walk you through using the PPMT() and IPMT() functions in excel in order to find out how much of a monthly payment on a loan actually goes to pay off the loan amount and how much is just an interest payment. More free excel stuff such as macros, tutorials, articles, etc. go to: TeachExcel.com
Views: 473849 TeachExcel
Loan Calculator with Extra Payments
I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
Views: 4214 Peter - Investor Mind
Calculate Monthly Payments For Mortgage or Annuity Part A
Part B: https://www.youtube.com/watch?v=TTGFetGoQUo Note the correction in the Formula of PV. Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i In your calculations use (1 + i) and not (1 - i). Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks Excellent example to understand the concept. Watch Part B of this video also for renewal of mortgage. https://www.youtube.com/watch?v=TTGFetGoQUo&index=10&list=PLJ-ma5dJyAqrBnet6ZTGrsgudkTU-4A0y
Views: 62583 Anil Kumar
How Do Principal Payments Work on a Home Mortgage?
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 498247 The Dave Ramsey Show
How to Get the Best Mortgage Rates | How to | GBR
If you're a first time home buyer or just on your way to purchasing a new home, you might start wondering how to get the best mortgage rate on your dream house. Paying off your mortgage typically involves hundreds of individual payments to your mortgage company over many years, so it’s important to understand the nuts and bolts of your monthly mortgage payment options. Taking the time to examine all of your options for something as long term as a mortgage can go a long way toward developing a payment process that fits your financial habits. Here is how to start making your mortgage payments: https://www.gobankingrates.com/loans/mortgage/how-to-pay-mortgage-payment/ Connect with us: Facebook: https://www.facebook.com/GOBankingRates Instagram: https://www.instagram.com/gobankingrates Pinterest: https://www.pinterest.com/gobankingrates LinkedIn: https://www.linkedin.com/company/go-banking-rates Twitter: https://twitter.com/GOBankingRates Flipboard: https://flipboard.com/@GOBankingRates
Views: 283 GBR
Mortgage Payment Options in Canada - Mortgage Math #7 with Ratehub.ca
http://www.ratehub.ca - In Canada, there are a number of mortgage payment options. Mortgage Centre Broker Chris Molder explains the most popular mortgage payment options and their effects. 1:00 Monthly Mortgage Payments 1:16 Bi-weekly Mortgage Payments 1:55 Accelerated Bi-weekly Mortgage Payments 2:33 Calculating Your Annual Payment Amounts ABOUT MORTGAGE MATH: Whether you're a first-time homebuyer or a veteran homeowner, learning the ins and outs of the home buying process and the Canadian mortgage market can be a big undertaking. Produced by Ratehub.ca and The Loop by Sympatico.ca, Mortgage Math is an all-new video series dedicated to giving viewers all of the information and tools needed to navigate through the world of mortgages and homeownership. Featuring some of Ratehub.ca's best and brightest partners, you'll not only learn about seven different aspects of the home buying process -- like how to qualify for a mortgage, compare fixed and variable rates, and calculate CMHC insurance -- but also follow along as our experts perform the related calculations in real-time on a whiteboard. WATCH THE OTHER MORTGAGE MATH VIDEOS: 1. How to Get a Mortgage in Canada - http://youtu.be/_mEp2ucQBy0 2. How to Calculate Debt Service Ratios - http://youtu.be/wz3qSoBGjp0 3. The RRSP Home Buyers' Plan - http://youtu.be/f5iz26AflGI 4. Fixed and Variable Mortgage Rates - http://youtu.be/2Ru3ejpFS3o 5. How to Calculate CMHC Insurance - http://youtu.be/GncRSX7BUvM 6. How to Calculate Land Transfer Tax - http://youtu.be/xOf2dASV5nw 7. Mortgage Payment Options in Canada - http://youtu.be/auS2HWiWD9w
Views: 37371 Ratehub.ca
3 tips to guarantee you get the best mortgage interest rate
TITLE: 3 tips to get the best mortgage interest rate This video will show you everything you need to know about how to get the best mortgage interest rates on a mortgage and the best deal on a mortgage. When working with Banks, lenders and mortgage brokers it’s hard to know what the best deal on a mortgage is. In fact, these are the same ideas that we use in our company to help clients all over Florida get the best deal on a mortgage. They’re the main reason that I have been successful as a mortgage broker in Central Florida. We help clients all over Florida, primarily working in the Orlando are with our office in Oviedo, Florida. So how do you get the best deal on a mortgage? First you have to understand the numbers. Lenders and mortgage brokers use a Loan Estimate to show you the numbers and the only thing that they control are lender fees and the interest rate, everything else is an estimate. One way we make this easy on the client is that we do not charge lender fees, so it’s easy to analyze, zero fees. You pay no processing, underwriting, admin or application fees. Next up we have understanding the mortgage market. So many people never question a lender when they seem to be offering rates lower than ever other bank in the market. If you were buying a new car you would be extremely suspect if you found the car way cheaper than what the other dealers were selling them for. You have to take the same approach when looking at rates and be suspect for anything that seems too good to be true. The Third tip is to do your research, to get a low interest and best deal on a mortgage you need to make sure you are working with someone that you can trust. Google the name of the loan officer you are speaking with and see what other people are saying about them. Googling the bank does you now good, google the person as they are who you are going to be working with. also if you ever thought about buying an investment property in Florida, watch this video for some good info: https://www.youtube.com/watch?v=Oukxmc8FxZg Rayce Robinson 321-377-4211 nmls 322615 [email protected] https://www.zillow.com/lender-profile/Rayce%20Robinson/ www.raycerobinson.com Mid Florida Mortgage Professionals COMPANY NMLS 1587074 Note - mortgage interest rates change every day if you have a question on where rates are at just give Rayce Robinson a call from the Robinson Mortgage Team to get your quote today and see how we apply this tips to get you the best mortgage interest rate as well as the best over all deal on a mortgage. Rayce Robinson 321-377-4211 RAYCE ROBINSON (NMLS 322615) Mid Florida Mortgage Professionals, LLC Company NMLS 1587074
Biweekly Mortgage Calculator with extra payments
http://www.biweeklymortgagetips.com free biweekly mortgage calculator with extra payments Use our Biweekly Mortgage Calculator and receive a personalized mortgage report
Views: 2831 biweeklymortgagetips
Loan Calculator For Personal Loans | Personal Loan Payments
Personal Loan Payment Calculator: https://iqcalculators.com/calculator/personal-loan/ IQ Calculators: https://iqcalculators.com Read the terms and conditions before use. Partial Transcript: Today, we are talking about our Personal Loan calculator. Our personal loan calculator helps people calculate their loan payments from a personal loan. People use what are called personal loans for many different reasons, but the primary reason people will use personal loans are to roll existing high interest debt into a loan with lower interest rates. For example, if you have credit card debt that charges a high rate of interest, it may be possible to roll that into a personal loan with a lower interest rate and lower interest payments. But if this only frees you up to put more debt on your credit cards, then we’re afraid this won’t end well for that person. Let’s take a look at this personal loan calculator. This personal loan calculator is both for new personal loans and existing personal loans. Regardless of whether it is new or old, you’ll want to enter your original loan information at the time when the loan was started. If you enter your information from where you are currently at in the loan, the payment will not calculate accurately. Start by entering your loan amount, interest rate, and the loan length in years. Based on these three things, the monthly payment will be automatically calculated. The next thing you’ll notice is the “Years Left To Pay” field which is for people that are in the middle of an existing loan. By entering information here, the loan amortization table will automatically adjust to show you right where you are at in your loan. This will not only adjust the data table, but also adjust the charts as well.
Views: 542 IQ Calculators
Payments for loan
In studying for the CFA, I am learning to use the HP12c to do relevant calculations. If you find anything that is confusing or erroneous, please comment on the video and I will be sure to update. I hope this quick tutorial on payments is helpful to others.
Views: 22729 scouter2222
How to Calculate Car Payments
Watch more How to Buy a Car videos: http://www.howcast.com/videos/399308-How-to-Calculate-Car-Payments You've just seen the car of your dreams, but you're not sure if the price is right. In a few steps, you can calculate your potential car payments and decide if you'll be able to afford a new ride. Step 1: Convert the interest rate percentage to a decimal Convert your loan's interest rate to a decimal number by dropping the percent sign and dividing the number by 100. Step 2: Divide decimal number by 12 Divide the interest rate on your car loan by 12. Write this number on a piece of paper. Step 3: Multiply by your car loan principal Multiply the number by the loan's principal amount -- the total amount of your car loan. Write this number down, as it will be used in your final calculation. Tip Remember to subtract any down payment you might make from the new car's purchase price when figuring out the principal amount. Step 4: Add 1 plus the interest divided by 12 Recall the number you got from dividing the interest rate by 12 in step 2. Add 1 to this number. Step 5: Multiply sum by itself, using number of payments as exponent Take the sum from step 4 raised to the power of the number of months included in the term of your loan. For example, if you will make 36 monthly payments, multiply the sum from step 4 by itself 36 times. Step 6: Calculate 1 divided by this sum Calculate 1 divided by the result from step of your multiplication. Tip Round this number to the nearest hundredths place to make it easier to work with. Step 7: Subtract sum from 1 Subtract this number from 1. Jot this number down for use in your final calculation. Tip Avoid the math by using car payment calculators found on many auto dealer and bank websites. Step 8: Divide the first number by the second Divide the number from step 3 by the number from step 7 for your final monthly car payment. Think about whether this will fit into your monthly budget. If so, you might want to ride off in that dream car. Did You Know? The Smithsonian Institute has been collecting cars since 1899, and has more than 60 cars in its collection, including a 1913 Model T Ford and a 1903 Cadillac.
Views: 215089 Howcast
What are Mortgages? | by Wall Street Survivor
How to understand your mortgage. Mortgages exist to solve a problem. Most people want to buy their own home, but a house costs hundreds of thousands of dollars, and you likely don’t have that kind of cash lying around in the crevices of your sofa. You’d have to work and save for decades to get that much money, and in the meantime you could easily end up paying out more in rent than the cost of the house you wanted to buy. So to enable people to buy a house before they are too old to remember why they wanted it in the first place, we have the mortgage system. A mortgage is just a type of loan, pure and simple. If the house you want to buy costs $100,000, then you could pay $10,000 from your savings (that’s called the downpayment), and borrow the remaining $90,000 from the bank. So if it’s that simple – just a housing loan that you pay back over time – why all the fuss and complexity around mortgages? Well, mortgages come in more flavors than Ben & Jerry’s ice cream, and not all of them taste good. You’ve got ARMs and balloon mortgages, fixed-rate loans and interest-only loans, bridge loans and refis and reverse mortgages. Learn more about the different types of mortgages and find out which one is right for you with Wall Street Survivor's Paying For Your Home course:
Views: 311029 Wall Street Survivor
Using Excel for Mortgage Rates And Payments data table
Helping clients with budgeting is something I love to do! Here are some excel tips for those who like to it on their own. Coming soon Excel for real estate course - Investors, Builders, Buyers, Sellers ...
Views: 11 YourNewHomeTeamVA
QuickBooks Pro 2018 Loan Payments, Interest, Principle
QuickBooks Pro 2018 Loans Payments, Interest, Principle will cover how to record a loan payment in the accounting software. We will discuss what an amortization table is so that we know the correct line items to use within QuickBooks Pro 2018. We will then show multiple ways the entry can be put int the accounting software. We could use QuickBooks Pro 2018's jorunal entry feature, the accounting softwares, check feature, or QuickBooks Pro 2018's check register. Will enter one transaction into the accounting software's check register by opening the check register, entering the amount as a payment. Then we need to use QuickBooks Pro 2018's split feature to enter multiple accounts. One account will be interest expense and the other will be loans. We will get the amounts we enter into the accounting software from the amortizations table. We will then enter the second payment using a check. We will see that the amount of the payment entered into the accounting software will be much the same but the interest and principle will change.
Real Estate Tricks: How To Pay Off Your Home Mortgage FAST
Here’s a popular topic of discussion when it comes to Real Estate: How to pay off your mortgage early. And this video will tell you EXACTLY how to do that with real world examples that actually work. Enjoy! Add me on Instagram: GPStephan GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Now first, when it comes to this, I think it’s important we address a comment I’ve received far too often that REALLY needs to be talked about, and that’s the concept of “paying down your mortgage early with a HELOC.” So first, what’s a HELOC: This stands for Home Equity Line Of Credit. This is pretty much like using your home as a bank account, where you can borrow money against the value of your home. And you only need to pay back what you end up actually using. First of all, a HELOC is generally at a HIGHER interest rate than you pay with a traditional mortgage. Secondly, HELOC’s are generally what’s called “Variable Interest Rate Loans” - which means the interest rate you pay will fluctuate over time, meaning it could be HIGHER in the future. Compare this to a fixed rate mortgage, which will not fluctuate whatsoever - what you pay is what you pay for the lifetime of the loan, until it’s paid off. Third, with a HELOC - there are also transactional costs, including appraisal fees, transaction fees, processing fees, smashing the like button if you haven’t done that already fees, title costs, the list goes on. This all needs to be factored in the overall cost of applying for this line of credit, OR whether or not this money might be better spent somewhere else - like just paying down your existing mortgage a little more. And Fourth - one of the main reasons I’d absolutely never do this - is that the interest you pay on a home equity line of credit is often NOT a tax deduction if you use that to pay off existing debt. On the other hand, if you ACTUALLY want to pay down your mortgage faster - and save money - here are the REAL ways to do it: The first is what’s called a refinance. This is when you go to a bank and they will give you a brand new loan that replaces your previous loan. This works best when interest rates go down, and all of a sudden you can pay a lower interest rate if you get a new loan. So if you’re out there and you realize that you can save money on your mortgage by refinancing to a lower interest rate, do it. ALWAYS DO IT. The second method to pay down a mortgage early is to make bi-weekly payments. The way your mortgage is calculated is by your total outstanding loan balance. So instead of making one payment per month, you can make half of that payment every other week…and as we all know…or I guess as we all SHOULD know…. there are 52 weeks in the year, so you’ll make 26 bi-weekly mortgage payments. And if we just math a little more, 26 half payments equal 13 full payments per year instead of 12 per year if you had paid monthly - and that cuts down your loan time substantially. The third way to pay down a mortgage earlier is by making extra payments towards your loan. Consider that with a mortgage payment, you’re making 12 payments throughout the year, every single month. But if you ever get an end of year bonus, or any lump-sum check or tax return - and you throw it all into the mortgage - that could cut down your mortgage time by a LOT. Just making 2 extra mortgage payments per year could lower your mortgage time by 7 years. And the best way to pay off your mortgage your mortgage earlier…is just to pay your mortgage off earlier. There’s no other way around it - I recommend always refinancing if you can get a lower interest rate to save money, you can make bi-weekly payments to speed up the process even further, but beyond that, you gotta pay it off using your own money by just paying it down sooner. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Views: 88754 Graham Stephan
How to Pay Off a Mortgage Quickly
http://bestcreditrepaircompanys.com/ Owning a home is a classic American dream. Unfortunately, in today's society consumers have become complacent with 30-year mortgages and paying hundreds of thousands of dollars in interest. We've complied tips from 5 industry experts on why it's important to pay a mortgage off quickly and how to can pay off a mortgage quickly. Follow these steps and you'll be ahead of 98% of the population.
Views: 1036363 Best CreditRepairCompanys
Why Pay Off Debt If I Can Invest at a Higher Interest Rate?
Why Pay Off Debt If I Can Invest at a Higher Interest Rate? Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 304690 The Dave Ramsey Show
EMI Calculation - Excel Formula & Expert EMI Calculator [Hindi]
EMI Calculation in Excel explained in Hindi with PMT formula. Download FREE EMI calculator updated for 2017 and 2018 with Pre-Payment option. Know how to calculate EMI for Home Loan, Car Loan, Personal Loan, Bike, Credit Card, Debit Card, Education Loan within seconds. Download EMI Calculation Excel Model https://assetyogi.com/calculator/emi-calculator-excel/ Related Videos: Calculate EMI in 2 secs: https://youtu.be/F1WhuYSQFME Excel EMI Calculator for Home Loan: https://youtu.be/nWyU_IQzsVM Share this Video: https://youtu.be/yycBGSH8BxU Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: How to calculate EMI for Home Loan? EMI Calculation in Excel How to calculate EMI for Personal Loan? EMI calculation in hindi How to calculate EMI for Car Loan? EMI calculation in excel in hindi How to calculate EMI for Bike? EMI calculation formula How to calculate EMI for credit card and debit card? What happens in case of pre-payment of Loan Amount. How interest amount and principal amount are calculated in EMI calculator? Microsoft excel me EMI kaise calculate ki jati hai pmt function ke sath? Loan amount me interest kaise calculate kiya jata hai? Kya loan pre-payment karne se interest rate kam ho jata hai? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Instagram - http://instagram.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Pinterest - http://pinterest.com/assetyogi/ Linkedin - http://www.linkedin.com/company/asset-yogi Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Hope you liked this video on "EMI Calculation in Hindi".
Views: 168292 Asset Yogi
Mortgage Calculator-Calculate Monthly Payments
Monthly payment including principle,interest,houseowners insurance and property taxes Find out monthly mortgage payment and see a breakdown of your cost This Channel will help to give you more information about Mortgage. Thanks For Watching My video Like, Comment Share Please and Don't Forget subscribe my channel for getting more latest video.
Calculating Monthly Payments
http://www.gdawgenterprises.com This program shows how to use a formula to calculate monthly payments on large, loan installment assets such as houses and cars. After using the formula to calculate a car payment, writing a program on the TI84 series is demonstrated to avoid errors in calculation and to save time. The program is then used to show the monthly payments for a home purchase. One other example is given buying a computer system on a 14 month loan. The background music comes from who is probably my favorite guitarist, Antoine Dufour, Canadian artist. The piece is titled Reality.
Views: 28296 gdawgrapper
15 or 30 Year Mortgage- The TRUTH and The REAL Differences
Do you know the real differences between a 15 and a 30 year mortgage? Which one should someone choose if they are moving in 5 years anyway? Doesn't making extra payments just make a 30 year onto a 15 year mortgage? Let's crunch the 'nerdy numbers' and find out the truth and the real differences. This way you can have all the info you need to make the best, most informed decision and be working toward achieving your goals as quickly as possible. Want to check out these scenarios for yourself? Or even customize the numbers to see how they would play out in your unique situation? Here is the mortgage calculator I use: http://www.bankrate.com/calculators/mortgages/mortgage-loan-payoff-calculator.aspx Follow me on Instagram! https://www.instagram.com/frugalgreengirl Hang out with me on Facebook! www.facebook.com/frugalgreengirl Feel free to embed and link these videos on your blog or website, when you do please credit frugalgreengirl. Thank You.
Views: 65332 Frugalgreengirl
Bi-Weekly vs Bi-Monthly Mortgage Payments!
In this video you'll learn about bi-weekly vs bi-monthly mortgage payments! After watching you'll know which is better for you! *For top agent referrals near you, please email me directly at: [email protected] Thank you!* Join us live every Wednesday at 11am PST! See you there! =) The differences between bi-weekly and bi-monthly mortgage payments are substantial yet little understood. After watching this video you'll know how biweekly mortgage payments work and how to set up bi-weekly mortgage payments! Btw... Please be cautious if you opt to look into a bi-weekly mortgage service. In most cases, if your good keeping a schedule, you can simply make biweekly mortgage payments yourself! Timeline: 1. 0:33 - Busting the Credit Score Boost Myth! 2. 1:14 - Step #1: Find Out if You Can Pay Off Your Mortgage Early! 3. 1:26 - Step #2: Find Out How the Interest on Your Home Loan is Compounded! i.e. Is it: monthly, daily, or based upon the monthly average balance? 4. 2:01 - Bi-Monthly Mortgage Payment Explained! 5. 2:28 - Bi-Weekly Mortgage Payment Explained! 6. 2:51 - Why Biweekly Mortgage Payments Work! 7. 3:32 - How Biweekly Mortgage Payments Work! -The wisdom and logic of paying mortgage twice a month! https://www.nerdwallet.com/blog/mortgages/biweekly-mortgage-calculator/ 8. 5:16 - How to Payoff Your Mortgage Faster! https://www.daveramsey.com/mortgage-payoff-calculator Share your savvy tips about mortgage payments with us in comments below! Thank you! Want to know more about Las Vegas real estate or about owning a home in Las Vegas? Send me a message, I'm here to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 - Las Vegas Realtor Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ King Realty Group, Inc. 6955 N. Durango Drive Suite 1004 Las Vegas, NV 89149 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Disclaimers/ Credits: Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL At the time of production, Andrew Finney, S.0173260, is a real estate salesperson at King Realty Group, Inc. in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos are to educate you and help you make sense of the real estate process. If you have questions about home loans and real estate where you live, you are advised to reach out to a local loan officer and trusted real estate advisor in your area for further counsel about your own unique situation. Video Inspiration: https://www.realestate.com/articles/credit/paying-mortgage-twice-a-month
Views: 3540 Andrew Finney Team
How to calculate loan payments in Excel | lynda.com tutorial
This Excel tutorial shows how to calculate the principal and interest payments of a loan. Watch more at http://www.lynda.com/Excel-2010-tutorials/Financial-Functions-in-Depth/83199-2.html?utm_medium=viral&utm_source=youtube&utm_campaign=videoupload-83199-0102 This specific tutorial is just a single movie from chapter one of the Excel 2010: Financial Functions in Depth course presented by lynda.com author Curt Frye. The complete Excel 2010: Financial Functions in Depth course has a total duration of 2 hours and 20 minutes, and explores dozens of functions for evaluating cash flows, calculating depreciation, determining rates of return, and much more Excel 2010: Financial Functions in Depth table of contents: Introduction 1. Analyzing Loans, Payments, and Interest 2. Calculating Depreciation 3. Determining Values and Rates of Return 4. Calculating Bond Coupon Dates and Security Durations 5. Calculating Security Prices and Yields 6. Calculating Prices and Yields of Securities with Odd Periods Conclusion
Views: 51970 LinkedIn Learning
How to Calculate Loan Payments with Excel PMT Function
http://www.contextures.com/excelpmtfunction.html Go to this page to download the free sample file. To calculate a loan payment in Excel, you can use the PMT function. The PMT function calculates the payment for a loan that has constant payments and a constant interest rate. Enter an interest rate, the number of payments, and the loan amount on the worksheet. Then, refer to those cells in the PMT formula. Watch this short video to see the steps for setting up a payment calculation, using the PMT function. Instructor: Debra Dalgleish, Contextures Inc. Get Debra's weekly Excel tips: http://www.contextures.com/signup01 More Excel Tips and Tutorials: http://www.contextures.com/tiptech.html Subscribe to Contextures YouTube: https://www.youtube.com/user/contextures?sub_confirmation=1 '---------------------- Transcript - Calculate Loan Payments with Excel PMT Function In Excel, to calculate monthly payments, you can use the PMT function. In this example, we're going to enter the annual rate, and then the number of payments we have to make, the amount that we'll be borrowing, and then we'll use the PMT function in this cell to calculate the monthly payment. The annual rate that we're going to pay is 5%. In this cell, we're going to borrow the amount over four years. There are 12 months per year, so 48 months. I'll be making 48 payments, and the amount that we're going to borrow is $10,000. Those are the three numbers that we need in order to calculate the monthly payment. Here is the syntax for the PMT function. We'll start by typing equals, and then PMT, open bracket, and now I'm going to click on the cell where I entered the rate. I'll click here where it says 5%, but it's not 5% per month. That's the annual rate. I'm going to click after that cell reference, type a slash for division. then I'll type 12, because we're paying that rate over 12 months. Then I'll type a comma, and the next argument is the number of periods. I'll click on the Number of Payments cell, and type another comma. The present value, or the amount of the loan, is 10,000, so I'll click on that cell. The other two arguments are optional, so I'm not going to use them. The fv is the future value, so that's what you want left at the end of all your payments, and if you don't enter it, we assume zero. We want to pay everything off, so I don't have to enter anything there. The type is also optional. If I omit it, we assume that it's zero, and you're going to be making your payments at the end of the period. If you type a one, then you'd be paying at the beginning of the period. I'll close the bracket and press Enter, and there's the monthly payment. It's in this cell as a negative amount because it's a payment that I owe, but if you wanted to show it as a positive number, just click after the equals sign, right before the PMT function name, and type a minus sign, and press Enter. Now that shows as a positive amount in the payment cell. For more Excel tips and tutorials, and to download the sample file for this video, please visit my Contextures website at www.contextures.com.
Views: 376277 Contextures Inc.
How to Reduce Home Loan Interest Burden || Home loan Tips and Tricks
Home Loan Home Loan EMI is perhaps the biggest monthly expense item for a number of people. EMIs typically comprise 35-40% of take home salaries of individuals. With such high EMIs, very little is left to invest for other financial goals. To purchase their dream house and to keep their EMIs affordable, people go for long tenor loans. However, not many people realize that longer the EMI tenor, the more you pay in terms of interest. . Pay One More EMI per Year 2. Increase EMI by 3%- 7 % Every Year 3. You Can Do Both 4. Refinance at a Lower Interest Rate
Views: 406020 The Viral Media
Mortgage Calculator with Extra Payments
https://mortgagecalculatorwithpmi.com/build-extra-payment-amortization-schedule/ Mortgage Calculator with Extra Payments Bi-Weekly Calculator Mortgage Refinance Calculator Mortgage Payment Calculator PMI Payoff Calculator Debt-to-income calculator Loan Balance Calculator Discount Points Calculator Loan Comparison Calculator Loan Refinance Calculator PiggyBack Mortgage Calculator Balloon Mortgage Calculator
Views: 59 Jože Jošt
Calculate the Interest Rate on a Car Loan
Check out my Blog: http://exceltraining101.blogspot.com Use the Excel RATE Function to calculate the annual interest rate. This will give you an idea how much interest you are paying if you change the monthly amount or number of payment periods. Feel free to provide a comment or share it with a friend! --------------------- #exceltips #exceltipsandtricks #exceltutorial #doughexcel --------------------- Excel Training: https://www.exceltraining101.com/p/training.html Excel Books: https://www.amazon.com/shop/dough
Views: 50619 Doug H
Calculate Your mortgage Interest Rate and Discover What The Bankers Are Not Telling You !
http://www.SamTheMoneyCoach.com When is a mortgage loan of 3.75% really 67%? When it is your home loan! Real estate Broker, Sam demonstrates the grand deception in the mortgage interest and banking industry!
Views: 77001 Sam Assil
#19: Monthly Payments - Chapter 3 - Tony Gaddis - Starting Out With C++
“#19: Monthly Payments - Chapter 3 - Tony Gaddis - Starting Out With C++" is my solution to programming challenge #19 from chapter 3 in Tony Gaddis book, "Starting Out With C++ (8th Edition)." __THE PROBLEM: The monthly payment on a loan may be calculated by the following formula: Payment = [Rate * (1 + Rate)^N / ((1 + Rate)^N - 1)] * L Rate is the monthly interest rate, which is the annual interest rate divided by 12. (12% annual interest would be 1 percent monthly interest.) N is the number of payments, and L is the amount of the loan. Write a program that asks for these values and displays a report similar to Loan Amount: $ 10000.00 Monthly Interest Rate: 1% Number of Payments: 36 Monthly Payment: $ 332.14 Amount Paid Back: $ 11957.15 Interest Paid: $ 1957.15 __FULL CODE HERE__: https://jesushilarioh.com/chapter-3-19-monthly-payments-tony-gaddis-starting-out-with-c-plus-plus/ __CHAPTER 3 PLAYLIST__: https://www.youtube.com/watch?v=VngUePNHBsE&list=PL-ZkhVVp9xcPJiFivctiZypBhR89pxCh3 __SUPPORT THIS CHANNEL__: + Patreon: https://www.patreon.com/jesushilarioh + Buy Me A Coffee: https://www.buymeacoffee.com/jesushilarioh + GoFundMe: https://www.gofundme.com/jesushilarioh + Ko-fi : https://ko-fi.com/jesushilarioh + PayPay Donate: https://www.paypal.me/jesushilarioh __GET THE BOOK__: (8th Edition): https://amzn.to/2piABVp (9th Edition): https://amzn.to/2xsWiFW __FIND ME__: + Discord: https://discord.gg/VdhUqdn + Facebook: https://facebook.com/jesushilarioh + Github: https://github.com/jesushilarioh + LinkedIn: https://www.linkedin.com/in/jesushilarioh + Quora: https://www.quora.com/profile/Jesus-Hilario-Hernandez + Reddit: https://www.reddit.com/user/jesushilarioh/ + Tumblr: https://jesushilarioh.tumblr.com/ + Twitter: https://twitter.com/jesushilarioh + Website: https://jesushilarioh.com + Youtube: https://www.youtube.com/jesushilariohernandez __ABOUT__: It is my goal that you succeed in all that you are trying to accomplish. That’s why I’m here—to serve you. I enjoy teaching and spreading knowledge of the things that I am passionate about. I am a husband and a father, far from perfect, and striving to be better every day. Thank you for taking interest in what I do!
I-Team: How Rising Interest Rates Impact Mortgage Payments
by Dana Fowle Aired May 8, 2018 ATLANTA - Historically speaking, mortgage rates are low, but they are inching up. The interest rate is still below five percent, which is fantastic, but every little bit it goes up means a little more money tacked onto that new mortgage payment. We're going to break it down so you can see the numbers. And this is will also show you why better credit is the best idea. When rate go up so do mortgage payments. Let's do the math. Let's start with this. Let's say you're buying a $200,000 house. You're getting a 30-year mortgage and putting 20 percent down. Let's say you have amazing credit. And you can get a 3.5 percent interest. Congrats. Your mortgage payment, minus insurance, HOA fees, taxes etc. will be $718.47. It's what you owe the bank. Now let's say you have average credit and you get a 4 percent interest rate. That raises your monthly nut to $763.86 OK, now let's say you have rocky credit and your interest rate is 4.5 percent. Now you're looking at $810.70 per month. One percentage point is an almost $100 difference each month. So the takeaway is that a small rise in interest matters and keeping your credit score in good shape keeps your mortgage payment down. But all of this said, rising rates don't mean rushing out to buy in May. Wait until June or later if you can. Houses fetch their biggest prices in May and start to cool off a little into June. I got my house late December which felt like a fire sale.
Views: 132 FOX 5 Atlanta
MS Excel: Amortization Schedules, Mortgage Payments, Interest Rates and More
File download link: https://drive.google.com/open?id=0B_lD7FHorWGzMU1GOTM4ckFYR3M Check out the NEW WEBSITE: https://arcologydesigns.com UPDATED BLOG: https://arcologydesigns.blogspot.com More files and publications: http://www.arcologydesigns.com/ under "Downloads" Formulas: Column B: Cell B4 =G3 Column C: =(1/(1+(0.08/12)))^A3 Column D: =$B$3/$C$363 Column E: =B3*(0.08/12) Column F: =D3-E3 Column G: =B3-F3 ------------------------------------------- Cell C363: =SUM(C3:C362) Cell D363: =SUM(D3:D362) Cell E363: =SUM(E3:E362) Cell F363: =SUM(F3:F362) ____________________________________________________________________
Views: 1603 Grow Your Career
How to build an Amortization table in EXCEL (Fast and easy) Less than 5 minutes
Hi Guys, This video will show you how to build an amortization table in excel is less than 5 minutes :) Please subscribe and watch all our tutorials www.i-hate-math.com
Views: 525977 I Hate Math Group, Inc
Mortgage Information : How to Compare Low Mortgage Rates With No Down Payments
Comparing low mortgage rates with no down payments involves finding an FHA loan, which only requires a 3 percent down payment, and weighing the benefits and drawbacks with a higher down payment and lower interest rate loan. Find low down payment programs available in many cities with advice from an experienced mortgage broker in this free video on personal finance. Expert: Matthew McKillen Contact: www.innovativefg.com Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. Filmmaker: Christopher Rokosz
Views: 141 ehowfinance
How Rising Interest Rates Affect Mortgage Payments
Ever wonder how Mortgage Interest Rates can affect your Mortgage Payments? Well, in this video, Brandon Brotsky goes over a few things you should before your next home purchase.
Views: 104 Reach Home Loans
Understanding how to calculate Credit Card Interest
This is a requested video as a follow up to my first video titled, “How to pay off your 30 year mortgage in 5-7 years”. After that video I have received a lot of questions and a few requests asking to explain how to calculate the interest that is associated with the line of credit that is used to pay down the home loan. This video will provide you with the formula to be able to calculate simple interest, create a spreadsheet for your amortized loan, calculate the interest savings, and determine the best financial approach to reach your financial goals. LINK TO VIDEO : “How to pay off your 30 year mortgage in 5-7 years” https://youtu.be/4GonTct2WMk KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR WEEKLY VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am committed to providing the highest level of information that is legal and ethical to the best of my knowledge, however during this video I am not practicing law nor should anyone rely on the content shared as legal advice, but rather it would be in everyone’s best interest to consult COMPETENT legal professionals before implementing any of the shared strategies.
Views: 38737 Laura Pitko
How To Get Cheap Mortgage Rates Or Payments
Views: 24 Mizanul Kabir
Mortgage Calculations using BA II Plus
This video shows how to use the BA II Plus calculator to solve the following Amortization problem: A $450,000 mortgage loan, financed at 2.8% compounded semi-annually, requires month-end payments of $1850. a) How many payments are required? b) How much principal is repaid in the 10th payment? c) How much interest is paid in the second year? d) What is the outstanding principal balance at the end of the first four years? e) What is the total interest paid over the first five years? f) What is the size of the final payment?
Views: 15512 Joshua Emmanuel
Compare Mortgage Payments at Two Different Interest Rates (TI-84 TVM Solver)
This video explains how to use the ti84 tvm solver to determine how an interest rate change affects a monthly payment. http://mathispower4u.com
Views: 781 Mathispower4u
How To Calculate Loan Payments Using The PMT Function In Excel
This video tutorial explains how to calculate loan payments using the PMT function in excel. It explains how to calculate the monthly payment given the principal and annual interest rate. It also determines the total cost of the loan with the total interest paid over the lifetime of the loan. Subscribe: https://www.youtube.com/channel/UCEWpbFLzoYGPfuWUMFPSaoA?sub_confirmation=1 Access to Premium Videos: https://www.patreon.com/MathScienceTutor https://www.facebook.com/MathScienceTutoring/ Excel Tutorial Playlist: https://www.youtube.com/watch?v=R5gbj0oTnjU&list=PL0o_zxa4K1BWYhjLZRtBWRTghtPGQwEfe
📚 How to calculate monthly mortgage amortization payments (Question 1)
🌎 Brought to you by: https://StudyForce.com 🤔 Still stuck in math? Visit https://StudyForce.com/index.php?board=33.0 to start asking questions. Question: Nadia has a $195,000 mortgage. She locks into a closed mortgage with 2.21% interest amortized over 25-years, compounded semi-annually. a) Calculate her monthly mortgage payments. b) What percent of the total paid is interest? What you'll need: Present value (PV) PV=R[〖1−(1+i)〗^(−n) ]/i → solving for R gives us → R=(PV∙i)/[〖1−(1+i)〗^(−n) ] Where: PV=present value amount R=regular deposit/payment i=interest rate per compounding period n=total number of deposits Since you're making monthly payments, yet the interest is being compounded semi-annually, there is a discrepancy between when payments are made and when interest is compounded. As a result, we'll need to find the effective annual rate (EAR), then use the EAR to find the effective monthly rate (EMR). This will represent the interest, i, in the PV formula. Effective annual rate (EAR) -- Converts a monthly rate to an effective annual rate. k=(1+r/m)^m−1 Where: k=Effective annual rate m=frequency of compounding r=rate in decimal Effective monthly rate (EMR) -- Converts an effective annual rate to a monthly one. i=(k+1)^(1/12)−1 Summary: Combining the EAR and EMR formula: i=(1+r/m)^(m/12)−1 Where: i=interest rate per compounding period r=rate provided per compounding period m=frequency of compounding
Views: 538 Study Force
Mortgage Calculator - Payment  Home Loan Refinance       www.Mortgage-Payments.ca
http://www.Mortgage-Payments.ca with 25 different mortgage calculators and Tips to save money. Find monthly periodic, payments, refinancing solutions and money saving tips.
Views: 11253 MoneyTips111
Interest Payments - Itemized Deduction Interest - Federal Income Tax 2018 2019
Interest payment may be deductible for federal income taxes in the year 2018 2019 but there are limitations. The most common interest payment deduction is mortgage interest and it is one of the big items that may allow taxpayer to take itemized deductions instead of the standard deduction. Interest payment deductions like mortgage interest is generally an itemized deduction and that means we would need itemized deductions greater then the standard deduction for them to benefit us. There are also restriction on the loan amount that we can deduct interest for. For more accounting and tax information see accounting website. http://accountinginstruction.info/
Adjustable Rate Mortgage (ARM) payment Shock:  What you shou
Mortgage Moments Vol 10. Do you have an ARM? Do you know when it adjusts? Do you know how high it can go? All these questions and more should have been explained when you got the loan. But too often, these explanations were not made or made so you understood them. Here the is what you should have been told and what you should be monitoring. J Michael Seely conducts live seminars and webinars on "Demystifying Mortgage Loans" His goal is to put you in charge of your most important financial asset...your real estate and the mortgage that supports your real estate. Learn how to save thousands when obtaining a loan and 10s of thousands over the life of a loan. visit http://www.UnderstandingYourMortgage.com and learn just where you stand with your mortgage or purchase. Thanks for watching.
Views: 5137 Mike Seely

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