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  • Amortization Calculator help

    Hey there all, I have a $35,750.00 land loan, it is 6.5%/ 5 year with a 15 year amortization. Started Jun 25 2009, made 2 payments of $311.51 then on Aug 1st/16th began semi-monthly payments of $250 each. Where can I go to get a picture of future monthly amortization payments and balloon amount after...
    Posted to Mortgage Questions (Forum) by Michael Mc Cann on Wed, Sep 16 2009
  • Re: Calculate the Loan Amount Based on Payment

    As the daughter of a Realtor I was always taught (I have owned 5 houses) that the mortgage can be generally calculated as 1% of the loan. So, if the mortgage is $120,000 by the time you add in taxes & insurance your payment will be $1200.00 a month. Now as a Mitigator Consultant (helping people get...
    Posted to Mortgage Questions (Forum) by Jennifer J. Troncone on Tue, Aug 18 2009
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