Reverse Mortgage

fwerds asked: I need help with the calculation for this… What amortization payments would be required every six months, at 14% interest, to pay off a $35,000 loan within four years? Round your answer to the nearest cent. So how would you do this? Thanks! I tried that & it doesn’t come out right.. so [...]

nic asked: The instructions are to prepare a bond amortization table using the straight line method. Bond Face Value: 100,000 Length of Bond: 15 years Interest payments per year: 2 times per year on June 30 and Dec 31 Bond Selling at: 102 Contract rate: 5%/year Beginning Carrying Value: 102,000 Interest Expense: 2,433.33 Interest Payable: [...]

Debora L asked: Due to the mortgage crisis, of which I am an unwitting (or just stupid) victim (or idiot), I need to be able to pay more on my loan to avoid the disaster that is negative amortization. I can’t refinance because the loan is worth more than house’s current value. So, I’m thinking [...]

myname_isalbert asked: Say I need to record the amortization cost of 2 different copyrights. Do I just put them into the same copyright account or should I use separate ones?

Christy asked: I’m in the process of refinancing and I have a question about the breakdown of the typical mortgage payment. The amount required to payoff the old loan does not match the amortization schedule. I made my last payment on February 1st. I did not make the March 1st payment because the closing is [...]

hiedadam asked: I’m having an argument with my highschool dct teacher. He’s telling me that high school students never learn a formula that will compute compound interest and that it can only be done with a table. My argument is the table was made using a formula. My problem is i vaguely remember the formula. [...]

sun s asked: here is the question. Company X sold $500,000 of 12% bonds on january 1,2006 for $470,143.47, a price that yields a 14% interest rate. The bonds pay interest semiannually on June 30 and December 31 and due December 31, 2009. The company uses the effective interest method.. Required:::: 1) Prepare an interest [...]

Czarina asked: (Continued) Loan B interest and principal will be paid at maturity in 15 months.Interest on both loans is accrued at the end of the month. Which adjusting journal entry(entries) is(are) reversed as of the beginning of the following month? a. Loan B only should be reversed. b. Loan A only should be reversed. [...]

wa2erin asked: iam refinancing for 2% 5 yr arm plan to sell when the market goes up iam doing the right thing? i hope to avoid negative amortization.advice please

plantecody asked: I’m looking to calculate when my loan will finish (paying above the minimum payment) rather than how much i will be paying. I just need the name of what this would be called. any help is appreciated. Thanks in advance