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Change in amortization of loans due to interest rate changes

I need to know how a change of interest rate in a mortgage will change the period of amortization of a loan

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Put in all of the other data (present and future value, etc). Put in the new interest rate and press the I/Y key. Press CPT then the N key to see the new number of periods.

Posted on Jan 03, 2013

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Are Mortgage Loans cheaper than a Home Loans?


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What are the Different Types of Mortgages The world of mortgages can be really...


What are the Different Types of Mortgages

The world of mortgages can be really confusing. There are so many different types and the terms and conditions vary between lenders and individual customers.

Here is a very basic outline of some of the main types of mortgages that are available.

Fixed-Rate Loans
Fixed-rate loans are loans where the interest rate says the same for the whole duration of the loan (ie 25 years). This type of mortgage is more stable than others as it's not based on market conditions and allows you to budget for your mortgage without the risk of costs rising.

Adjustable-Rate Loans
Adjustable-rate loans have interest rates attached to them that can change based on an index reflecting market changes. Sometimes these kind of mortgages start out with a lower interest rate than fixed-rate loans but the payments can go up or down causing uncertainty to the customer.

Interest-Only Loans
Interest-only loans involve paying only the interest costs that have built up on the loan balance. Usually these interest only payments carry on for a number of years and then the borrower starts to pay for the actual loan amount as well.

on Sep 10, 2013 | Finance

7 Answers

What's An Installment Loan?


It is a loan repaid in an agreed series of payments, or installments, of some period of time. The payments may be made weekly, monthly, or some other agreed period, over a period of time which may be a few months, or many years.

A mortgage is a type of installment loan.

The repayments may be made against the principal (the amount loaned), principal plus interest (most common arrangement), or some other agreement.

It is possible for loans to eventually make the borrower repay a lot more money than the amount borrowed, if care is not taken to understand the agreement.

Sep 29, 2015 | The Computers & Internet

1 Answer

Can I Modify My Payment Schedule On The Business Loan Having A Fixed Interest Rate?


You are able to switch to a principal and interest amortizing facility in order to a pursuit-in-advance facility in the finish of the fixed rate of interest term. When the payment type is transformed throughout the fixed rate of interest term, break costs might be incurred.

Jun 02, 2015 | The Computers & Internet

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What's The Distinction Between Annual Percentage Rate & Rate Of Interest?


Your rate of interest is the monthly set you back pay on the delinquent balance of your house loan. An APR includes your rate of interest and then any additional cost or prepaid finance charges like the origination fee, points, PMI, underwriting and processing costs. (Your actual costs might not include all the products above.) While your rate of interest may be the rate at which you'll help make your monthly mortgage obligations, the annual percentage rate is really a universal measurement to guide you in evaluating the price of mortgage financial loans provided by different mortgage lenders.

May 12, 2015 | Miscellaneous

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How do I get printout of interest I paid on loan in 2014?


Contact your lender.

You may be able to set up online access to your account data through the lender's website. If that is available, it probably includes links for your account status, history and statements. The December statement likely shows interest paid during the year.

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What is a mortgage loan?


A mortgage loan is a loan where the client pledges real property, often a residential home, to the bank in order to secure the loan. If the client doesn't pay the mortgage, the bank can take the property. If there is a foreclosure, the bank will sell the property and use the sale money to clear the mortgage debt.

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If money is not an economic resource, why is interest paid and received for its use? What considerations account for the fact that interest rates differ greatly on various types of loans? Use those...


Inflation is a major factor determining the level of interest rates. The longer the duration of the loan, the greater the risk that inflation can accelerate, reducing the purchasing power of the loan repayment. So, rates generally are higher on long-term loans than on short-term no fax installment loans, because people who lend for longer periods have to be compensated for the risk that inflation might accelerate during the longer periods.

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Explain the term amortization


The process of paying off a loan through specifically structured periodic payments is known as amortization. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined.

mortgage payments are a common form of amortized loans, and interestingly enough, both the term mortgage and the termamortization find their meaning in the same root word "mort." This term means to deaden or kill, as in to "kill off" or eliminate the loan a bit at a time, via regular payments.

Feb 10, 2011 | Computers & Internet

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