0
Can a lending company charge interest and fees that are higher than your monthly payment?
Wiki User
∙ 10y ago
yes, it is possible. It all depends on the amount of loan and the period of repayment of loan.
In order to get low monthly installments make the time period of loan repayment more. In this way though you have to pay more amount but you will able to pay that amount in your current monthly income.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is a monthly mortgage payment?
A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.
What a person who can afford a monthly payment of __________ and signed a mortgage with a monthly payment of __________ was most likely the victim of predatory lending.?
It is actually $800; $900
What are some types of fees that the credit card company might charge?
Common ones are - monthly interest, and late payment fees.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What is a monthly mortgage payment?
A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.
What does Green Tree Lending have to offer?
Green Tree Lending offers low cost refinancing for homeowner suffering from falling house prices. They offer their customers options to reduce their monthly payment, such as interest only mortgage.
What can affect your monthly car payment?
Interest and down payment.
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What a person who can afford a monthly payment of __________ and signed a mortgage with a monthly payment of __________ was most likely the victim of predatory lending.?
It is actually $800; $900
What is an amortization home loan?
On a traditional loan the interest is compounding monthly. With amortization the monthly payment is split up equally between the interest and the actual house payment.
What would happen to a monthly payment if the interest rate increased?
Either the monthly payment would have to increase or the period of the loan.
What are some types of fees that the credit card company might charge?
Common ones are - monthly interest, and late payment fees.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What is monthly interest payment on a 10000 loan for 5 years at 14 interest?
$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
