In Loans

How do you get a mortgage?

First you need to know if you have good credit and what are yourassets. What can you afford to pay for down payment and closingcosts. Second find a reputable mortgage broker. (MORE)
In Loans

What is amortisation?

Amortization is the paying off of debt with a fixed repaymentschedule in regular installments over a period of time. The gradualelimination of a liability, such as a mortgage. (MORE)
In Loans

What is the formula to calculate mortgage payment?

The answer: you probably don't want to know. Here it is: P = L[c(1 + c)n]/[(1 + c) n - 1] where P equals payment, L equals loan amount, n equals number of months in th (MORE)

What is mortgages?

A mortgage is a loan to buy a home. Like anyloan, interest is charged on the amount you borrow (the principal).Each mortgage payment consists of repayment of the principal, pl (MORE)

Will you get your mortgage?

A person gets two ways to get a mortgage. It could be either through pre-approval or pre-qualification, which is different from each other.

What is a mortgage-?

A mortgage is a loan to finance the purchase of your home. This islikely the largest debt you'll ever take on.