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What else can I help you with?
Which of the following factors will change when interest rates change?
The present value of a bond's payment
Can you negotiate with credit card company to change payment plan?
Yes, you can negotiate with your credit card company to change your payment plan. Many companies are open to discussing options such as lower interest rates, reduced monthly payments, or extended payment terms, especially if you're facing financial difficulties. It's beneficial to be proactive and communicate your situation clearly, as well as to have a proposed plan in mind. Keep in mind that the outcome may vary depending on the company's policies and your payment history.
What is the average mortgage payment on 130000?
I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment. If you could afford to do a 15 year loan, at the same interest rate, the monthly payment would be $994.49 and you would save nearly $60,000 in interest. If you change the interest rate, the payment could change significantly also.
What provoked your initial interest in applying to our company?
Change is good.
Why did my mortgage payment decrease?
Your mortgage payment may have decreased due to a decrease in interest rates, a change in your escrow account for taxes and insurance, or a modification to your loan terms.
What is a good loan company one can use for small loans?
One could use a payday loan company if funds are needed before work payment is due or cleared. Other companies are best researched on the day you need the loan as interest rates change daily.
When mortgage payments are made in what way does the interest portion change each month and why?
Each month, the interest portion of the payment decreases and the principal portion of the payment increases. The interest decreases because the outstanding principal balance decreases each month as payments arev made. At the beginning of a loan, the interest portion of a payment is large and the principal is small. Towards the end of the loan, the interest portion is small and the principal portion is larger.
What are the different loan payment options available for me to choose from?
The different loan payment options available to you include fixed-rate loans, adjustable-rate loans, interest-only loans, and balloon loans. Fixed-rate loans have a constant interest rate and monthly payment. Adjustable-rate loans have interest rates that can change over time. Interest-only loans allow you to only pay the interest for a certain period. Balloon loans have lower monthly payments initially but require a large payment at the end.
Why does my interest payment fluctuate on my car loan?
Your interest payment on your car loan may fluctuate due to changes in the interest rate set by the lender or fluctuations in the outstanding balance of the loan. Interest rates can change based on market conditions or the terms of your loan agreement, leading to variations in your monthly payments. Additionally, if you make extra payments or miss payments, the outstanding balance of the loan can change, affecting the amount of interest you owe each month.
Why did my mortgage payment go down?
Your mortgage payment may have gone down due to a decrease in interest rates, a change in your loan terms, or a reduction in property taxes or insurance costs.
What is the interest rate on a JCPenney credit card?
Interest rates change fairly frequently, given economic situation, so to be currently on point about any company interest rate, please contact that company first hand.
What are the disadvantages of a variable interest rate mortgage?
A variable interest rate mortgage is one where the amount of interest being charged may change during the course of the mortgage depending on the current interest rates, but the usually monthly payment remain the same. The disadvantages of this type of mortgage is that if interest rates go up more of the monthly payment goes towards paying the interest instead of the principal, taking longer to pay off the mortgage. If rates go to high, the monthly mortgage payment may go up, this is rare however.
