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How do you change the formula to take into account the changing interest
rates when calculating the amortization of a mortgage?? Most loans have a
cconstant interest rate. |
| Free resouces for home buyers in Northern California, including current
local service guide, newsletter and on-line mortgage and loan amortization
calculators. Additional resources for Real Estate Agents |
| It turns out my Mortgage company (Charter One Mortgage)
charged me $124.50 extra each month for the last 9 months
(from start). With this rate, I will be paying off my mortgage
within 25 years instead of 30 years. I talked to 2 CharterOne
representatives. One of them was able to figure the monthly
interest amount for the 1st month for me. The 2nd person said
that he will transfer to the finance department. Then the phone
just handup on me! |
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