Reverse Mortgage

Becky D asked: This is my HW question: Create an Amortization schedule for a long term loan in an Excel Spreadsheet. Use 340,000 for the amount financed for 30 years with a rate of 6.25 % and print out 24 months of the schedule. (It may be helpful to fill in values before you enter [...]

me asked: @Stefiny, thanks for wasting my time.

jsn77raider asked: I just bought my 1st house middle of last year. I had to get a crummy loan to get in (Neg Amortization). Now I’d like to re-fi in the next 2-6 months. Problem is that my principal went up and the home value has probably dropped at least a little. If I can [...]

gen asked: A laptop worth $48000 can be bought at $8000 and the balance to be paid monthly for 1 year at 12% compunded monthly a. find the monthly payment R b. make an amortization schedule for this loan c. How much is the outstanding principal after 5 payments? before the 5th payment? d. how [...]

hightechaccountingg asked: we bought a business in 2000 and we amortized the goodwill . Now we sold the business .. are we supposed to recapture the amortiziaton when we are calculating the capital gain?

Kendra J asked: Do a loan amortization for $150,000, 30-year mortgage loan at a rate of 5 percent and answer the following questions: a. How much is the monthly payment? b. How much of the first payment (i.e., year 1, month 1) goes towards interest? How much toward principal reduction? c. How much of the [...]

sleeper asked: In my math class I have to fill out an amortization schedule for 24 months with the following information: Principal: $15000 rate 6.25% term: 2 years payments of: $666.50 I’ve filled in all the information for the first 23 payments of $666.50 and I now have a balance of $147.52. In order to [...]

vero asked: How to calculate my Amortization Schedule? Do I ask where I got my loan or the bank. I just want to know how to get it.

TA asked: How bad is it? Is it better to finance to get out of Negative Amortization loan paying the prepayment penalty fee or stick with it?Please help. And thank you for everyone for answering.

gen asked: A laptop worth $48000 can be bought at $8000 and the balance to be paid monthly for 1 year at 12% compunded monthly a. find the monthly payment R b. make an amortization schedule for this loan c. How much is the outstanding principal after 5 payments? before the 5th payment? d. how [...]