For some of us, math can be hard. Once variables get thrown into the mix it can seem chaotic. Most people aren’t aware that your mortgage (a large math equation in it’s own right) can be figured out using many different helpful calculators. Read more, as they’re the topic of this week’s Know Your Mortgage.
Tag Archives | Amortization
This week in Know Your Mortgage, we examine a very basic yet vital part of getting your mortgage paid off: Amortization. It’s a big word with a simple concept, and we’ll help break it down for you.
What if I told you that adding some extra cash to each monthly payment could potentially shave months off of your term and save you thousands in interest a month? What if I told you that you could see just exactly how much you could save over the life of your loan with one simple calculator?
Fixed-rate mortgages – also called conventional mortgages – have been the most popular home loans for decades. The interest rate on a fixed-rate mortgage stays [...]