Category: Economics

How does bad credit come off your credit report once you have passed the 7 year deadline? »

oralee v asked: How does bad credit come off your credit report once you have passed the 7 year deadline?http://1mortgagecalculator.info

How do you calculate the amortization of mortgages? »

krazykdd asked: For example, if I had a $10,000 mortgage over 5 years at 5%, I know that the interest in the first year would be $500 and the principal in the first year would be $1810. I can use excels spreadsheet function to figure that out, but I can’t figure out how the math [...]

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