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You want accurate formula for reverse mortgage do anyone know how to calculate for reverse mortgage line of credit etc please help me thanks in advance?
Nickr
Age is factored into the equation through life expectancy tables. Meaning the older the borrower is, the more money they are going to qualify for starting from the youngest age eligible of 62 going all the way up to a 100 year cap for the table.
This Reverse Mortgage Calculator will estimate the money you will receive from a Reverse Mortgage. In order to receive benefits from a Reverse Mortgage both the borrower and the co-borrower need to be at least 62 years of age. A Reverse Mortgage can be a powerful financial tool for seniors and if used correctly it can enhance a senior's retirement.
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How do you Calculate monthly mortgage payments?
You could do it the hard way using a formula/spreadsheet, etc. or you can use one of many mortgage calculators on the internet.
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There is no specific organization that determines the current refinance mortgage rate, however there are ways to calculate whether or not one should refinance on online calculators.
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The answer: you probably don't want to know. Here it is: P = L[c(1 + c)n]/[(1 + c)n- 1] where P equals payment, L equals loan amount, n equals number of months in the loan term and c equals monthly interest rate. If you are just wanting to calculate what a monthly mortgage payment would be, there are several mortgage calculators available online. Here's a link to a good one: http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
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How do you Calculate monthly mortgage payments?
You could do it the hard way using a formula/spreadsheet, etc. or you can use one of many mortgage calculators on the internet.
The current refinance mortgage rate is calculated using a formula that is determined by what organization?
There is no specific organization that determines the current refinance mortgage rate, however there are ways to calculate whether or not one should refinance on online calculators.
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What is the Formula for annuity in advance?
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The answer: you probably don't want to know. Here it is: P = L[c(1 + c)n]/[(1 + c)n- 1] where P equals payment, L equals loan amount, n equals number of months in the loan term and c equals monthly interest rate. If you are just wanting to calculate what a monthly mortgage payment would be, there are several mortgage calculators available online. Here's a link to a good one: http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
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a
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