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Question by firstsgt35svs: How do you find the monthly payment on a 0,000 25-year mortgage at 12 percent interest compounded monthly?
Best answer:
Answer by Artemisc
Do a search on “mortgage calculator”, a lot of bank websites have them. And keep in mind that you have to pay home owner’s insurance and taxes. If you are going to escrow them, then they need to be added into your monthly payment.
One more thing, 12% is horrible.
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Question by Exotic_Lady: I have a question about mortgages and i will explain as best as possible?
When using the mortgage calculators online such as vlb/general/loancalculate.cfm how accurate are they? What are they acutally figuring in that amount, does it include the taxes and interest? Please help! thanks in advance
Ok thanks. So when it gives the monthly payment about how much more should it be expected to jump when all is added??
Best answer:
Answer by Landlord
No, usually they do not, unless there is a field to put tax and insurance costs. This is loan only.
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Question by Clinton B: BD Nationwide Mortgage?
Right now, I am mortgage shopping. I have came across BD Nationwide Mortgage. I question if they are legit or not. Anyone?
Best answer:
Answer by Ed Atun
BD is looking to pick up business in the categories where other lenders refuse to lend. They are offering loans with no appraisals. That is to avoid the typical “upside down” problem of having no equity. They are loaning to people with bad credit. They are loaning 2nd loans at a time when few others are doing so.
All of those features are a warning sign that you will have to pay more money to get a loan. All 3 types put the borrower into the “risky” category. In lending, high risk means higher costs.
What do you think? Answer below!
Question by : bad credit mortgages?
what are some mortgage products you are familiar with in terms of a high down and bad credit friendly?
Best answer:
Answer by falsi fiable
They don’t exist any longer. Bad credit no mortgage.
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