Archive for February, 2010

25 or 35 year Amortization Period? Which is better? will I really be losing money?

Aamina asked: Right now I’m renting and I’m paying $1300 a month for rent. I’m looking to buy a place because the apartment that I live in is really dingy and the people in my area are really scary. the city that i live in is extremely expensive, so $1300 a month for rent is [...]

Amortization Expense?

Super Girl asked: How to recognize amortization expense for journal entries
It just says
Recognize amortization expense
amount : 200 $
What do I do?
is it Debit -Amortization Expense
Credit – Cash
is it Debit -Amortization Expense
Credit – Cash

Straight line amortization of bond discount and bond premium?

dsgbe1 asked: Hello,
I need help. Please assist if you can
Straight line amortization of bond discount and bond premium problem.
Romero issues $3,400,000 of 10%, 10 year bonds dated January 1, 2007, that pays interest semiannually on June 30 and December 31. The bonds are issue at a price of $3, 010,000.
1. Prepare January 1, [...]

how to calculate amortization schedule ?

hello asked: for example for a 400000 loan amount for 10 years for 5 percent interest rate .please help

A llc group looking to mortgage a commercial building, credit bad, worth $600,000 need $200,000?

paul asked: where can we find a loan for this. Thanks

How do you make an amortization table for an auto loan?

immamonkeywithbanana asked: i have to make an amortization table for an auto loan at chase bank, and i have no idea how to. it needs to be in excel with formulas and stuff…
Loan Amount: $15,724
APR: 4.37%
Loan Term: 60 months
according to auto loan payment calculator provided by chase bank, monthly loan payment will be 292.21
how do [...]

Is it still wise to buy to let in central london in 2010 ?

nexus asked: can i get a buy to let mortgage in the uk ? putting a 30 % deposit down if i am an overseas resident? I would like to buy in central london ? with the recession is it a wise move ?

Real Estate: Getting a mortgage with bad credit by high down payment?

R1980 asked: Hi,
We currently own a mobile home on it’s own land. We’re interested in purchasing a house, but have bad credit. A family member is going to loan us 40,000 (we’ll pay them back when the mobile sells). The house we want is 90,000. We make about 25,000 a year. [...]

If you default on your mortgage, do you lose all equity up to that point?

jkstender asked: Let me start out by saying that this question is purely out of curiosity, I am a renter and not in danger of losing a mortgage or anything. So I don’t need advice or spam offers. Anyways, if you do go into default on a mortgage do you lose all the [...]

refinancing a principle loan, but not home equity loan, why would we have to pay a subordination fee?

Mike asked: Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan?


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