All Questions
Tagged with amortization first-time-home-buyer
3
questions
1
vote
2
answers
202
views
Does partial prepayment on interest only loans goes towards principal
I am applying for 30 year term, 7/1 ARM with 10 year interest only loan.
This is what I received from my lender:
My question:
During interest only period, if I make partial prepayments, does it ...
- 137
0
votes
1
answer
105
views
Modeling wealth over time in a home [closed]
Suppose a person decides to buy a house and finance it by taking out a mortgage. I am attempting to model the wealth of this person over time. I need some help deciding whether this system of ...
- 187
2
votes
1
answer
165
views
Buy 1 bed flat via private sell (Edinburgh, UK) - opportunity?
I am renting a flat (1 bed + box room) with my partner in 'central' Edinburgh. We pay £675 pcm. Our landlady wants to sell it urgently and she asks for £160,000. She is keen to sell it to us. A ...
- 157