Reverse Mortgage

shanesmommy01 asked: Is there a website or free software download that offers amortization schedules that can be used to enter multiple accounts, APRs, minimum payments, etc? I, at one time, had a software program that all you did was enter your debts and interest rate, etc. and as they were paid off added that amount [...]

daisy s asked: How do you make an amortization schedule if you don’t know the monthly payments. only information given is the amount of said loan and annual interest rate. i don’t know how to use excel if any one can tell me how to do it with equations. Can someone help me Please! I [...]

Joe M asked: I have an amortization of 60 months, monthly payment amount and original loan amount. I am trying to find the excel formula that will help me compute the rate. i tried =rate(nper, pmt, pv)…but i get an error. what am i doing wrong?

fderrico asked: At what point can I be considered for a mortage. Credit scores are 525 535 555.. Have good income.. Fiance has good income but bankrupt so I probalby just have to doit on my own. I need to know when I could be considred for a mortgage with an affordable interest rate and [...]

scott m asked: Hello i would like to know if someone could let me know of any credit cards with a low interest rate on cash advance (withdrawing and such) and purchases for people with or without bad credit? Thank you very much, any information will help my sister out. ~Scott Oh and please can [...]

C K asked: here is a small sample of the factor numbers i get from a book: MONTHLY PAYMENT FACTORS Payments per $1000 Amortization payment in years interest rate– in 1 year—-in 2 years—-in 3 years—in 4 years ——-7%——–86.5267- – -44.7726- – -30.8771- – -23.9462 —–10%——–87.9159- – -46.1449- – -32.2672- – -25.3626 in the first [...]

NickG asked: The Fed has announced they may cut interest rates in the middle of March. I am currently working on getting a mortgage for a property I will close in mid-April. Should I wait to lock the rate until after the Fed announces the cut?

Shan Brie Wie asked: Also how much more total interest would someone pay on the 30 yr compared to the 15? Also, what about for 15 years instead of 30?

techzone12 asked: I know that APR is higher than simple interest rate, becuase they add cost of borrowing, etc. What I am not sure about is, how do they calculate APR. Secondly, does a higher APR means higher montly payment? Or is it just higher upfront cost. Is the PMI included in the APR math? [...]

Sarah asked: I have made an amortization table, and I now need to figure out how to add 100 dollars to the payment of the loan. It is for a 200,000 loan over 15 years with an interest rate of 4.59%. Right now the payments are at 1539.20 and the formula for that is =0.0459/12. [...]