What is used to calculate the 31% for mortgage restructuring?

Posted by Chrisstenson Ford 26 January, 2010 (1) Comment

What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?

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Categories : Uncategorized Tags : escrow, income, mortgage, mortgage payment, payment, restructuring

How do you find various characteristics of a mortgage?

Posted by Chrisstenson Ford 8 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

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Categories : Uncategorized Tags : asking price, interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Chrisstenson Ford 3 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

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Categories : Uncategorized Tags : asking price, interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Chrisstenson Ford 1 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

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Categories : Uncategorized Tags : asking price, interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Chrisstenson Ford 31 December, 2009 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

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Categories : Uncategorized Tags : asking price, interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year