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What are sub primes?
Sub prime can be used in two aspects 1. Sub prime customer - A customer who does not have a great credit history and does not have the income to pay the monthly mortgage payments on the loan he is asking for 2. Sub prime Loan - A loan that is granted to a sub prime customer If you have a monthly income of $10000 and you ask for a mortgage loan with monthly payment of $4000 then you are a good customer If you have a monthly income of $4000 and you ask for a loan with monthly payment as $10000 then you would be a sub prime customer
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.
For what would one use the Coldwell Banker mortgage calculator?
You would use a Coldwell Banker mortgage calculator to estimate your monthly payment on a mortgage. To estimate the monthly mortgage payment you need to enter the purchase price, down payment, interest rate, property taxes, insurance, and mortgage term.
Monthly payment on 217000 30yrs at 4.5 percent What would the monthly payment be?
Want to know what our monthly house payment will be owing 217000.00 on a 30 year loan at 4.5%
How much would a monthly payment be for a BMW m3?
The monthly payment for a BMW M3 can vary widely based on factors such as the purchase price, down payment, loan term, interest rate, and credit score. Generally, if the M3 costs around $70,000 with a 20% down payment, financed over 60 months at an interest rate of 4%, the monthly payment would be approximately $1,200. It's best to use a loan calculator for a more accurate estimate based on your specific financial situation.
What is the answer to - a television has a cash price of 1250 When sold on hire purchase the interest charged was 20 percent What is the down payment if a customer makes 24 monthly payments of 53.50?
The type of loan would need to be a consideration but the down payment would be about $200.
What are the benefits of using a rent to buy purchase plan?
Using a rent to buy purchase plan is beneficial if you do not have a large down payment to purchase a home. Typically, the owner of the home holds the mortgage and one would make monthly payments to them.
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.
How much would a monthly payment be on a 2010 BMW?
500 dollars
What is the difference between a purchase and a payment on a credit card statement?
A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.
If the purchase price for a house is 309900 what is the monthly payment if you put 20 down for a 30 year loan with a fixed rate of 6?
To calculate the monthly payment for a house priced at $309,900 with a 20% down payment and a 30-year fixed mortgage at a 6% interest rate, first determine the down payment amount, which is $61,980 ($309,900 x 0.20). This leaves a loan amount of $247,920 ($309,900 - $61,980). Using a mortgage calculator or formula, the monthly payment would be approximately $1,489. Note that this calculation does not include property taxes, insurance, or other fees.
What happen when you pay off your monthly car insurance?
If you would like it to continue then you should make the next monthly payment.
