All Questions
5
questions
3
votes
0
answers
349
views
How does “Velocity Banking” actually work?
I’ve seen this mentioned a few times now in various financial articles, but it smells like some kind of “system” a gambling addict would come up with to “beat the house”. Doing a web search on it, I ...
- 309
0
votes
1
answer
191
views
How to calculate a loan constant payment (like PMT) but extra double paying (without interest) twice a year
This is my first post in this community, already tried to find my answer, and didn't succeed :(.
I'm working a way to understand the formula behind a loan that allows the client to extra pay the same ...
- 111
-4
votes
5
answers
999
views
Mortgage vs. Loan?
I understand the math behind how banks calculate the interest to principal ratio throughout the amortization period. I want to know why banks want you to pay as much interest as possible first? In a ...
- 123
1
vote
1
answer
194
views
Who originates loans guaranteed by the USDA Farm Service Agency?
The official Guaranteed Farm Loans page says:
FSA guaranteed loans provide lenders (e.g., banks, Farm Credit System institutions, credit unions) with a guarantee of up to 95 percent of the loss of ...
- 390
24
votes
1
answer
6k
views
Paying off home mortgage and lender wants a "Recording Fee"
So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay!
I asked my lender for a "payoff" statement, which provides an accounting of ...
- 53.1k