ytccpr asked:
HOW DO YOU CALCULATE AMORTIZATION WITH ARM MULTIPLY SUBTRACT ADD DIVIDE (WHAT ) Can you specify?
http://1mortgagecalculator.info
HOW DO YOU CALCULATE AMORTIZATION WITH ARM MULTIPLY SUBTRACT ADD DIVIDE (WHAT ) Can you specify?
http://1mortgagecalculator.info
some sort of payment. amortization is to pay.
Here is some good info on how mortgages work:
< Amortization is the reduction of a debt incurred, for example, in the purchase of stocks or bonds, by regular payments consisting of interest and part of the principal made over a specified time period upon the expiration of which the entire debt is repaid. A mortgage is amortized when it is repaid with periodic payments over a particular term. After a certain portion of each payment is applied to the interest on the debt, any balance reduces the principal.http://www.answers.com/amortization
Check out the site below.
(Amortization schedule calculator)
(Calculate your payment and more)
Amortization
1. The paying off of debt in regular installments over a period of time.
2. The deduction of capital expenses over a specific period of time. Similar to depreciation, it is a method of measuring the consumption of the value of long-term assets like equipment or buildings.
Investopedia Says: Think of amortization (the deduction of capital expenses) as a way to claim the decrease in value on your car every year. If you bought your car new for $20,000 and after the first year it is worth $17,000, theoretically you could amortize the $3,000 for tax and financial purposes.