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 to the next debt payment and so on.

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 need it desperately. Thanx
Please dont send me to a website can i please just get some concrete information on how to do an amortization of loans.

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 a low down payment if at all any.

Can anyone guide me into the right directions..

were from Jersey

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 people only list places i can apply for in Australia, again thank you.

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 line with the interest rate at 7% in one year the factor # is 86.5267, this number you have to divided by 1000 because is the “Loan Constant” and then the answer you have to multiplied by the Loan Amount and you get the monthly payment. in this case:
86.5267 / 1000 Loan Constant = 0.0865267 X $50000 Loan Amount = monthly payment $4,326335

is there any way to find out how it is developed the factor number for any interest rate and any year with a simple formula?

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?

Please give an example, comparing 2 different loans with same simple rate, but differnet APR. Thanks

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. Any help would be greatly appreciated. Thanks in advance.