The cost of capital for any property is named the Loan Constant (Continual) or Mortgage Continual. All loans possess a specific rate of interest and, unless there is certainly an interest-only portion towards the loan, all loans will require a principal and interest payment. The principal is calculated based upon the amortization with the loan. So, when the loan features a 30-year amortization, which can be equal to 360 months, the principal will have to be paid in 360 installments so the loan is paid in complete on the last loan payment.
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