Chapter 15 Reading, The Cost of HomeOwnership

Descripción

Business/Economics Mapa Mental sobre Chapter 15 Reading, The Cost of HomeOwnership, creado por Emily McIntosh el 07/07/2022.
Emily McIntosh
Mapa Mental por Emily McIntosh, actualizado hace más de 1 año
Emily McIntosh
Creado por Emily McIntosh hace más de 2 años
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Resumen del Recurso

Chapter 15 Reading, The Cost of HomeOwnership
  1. Types of Loans
    1. Fixed Rate (30 yr or 15 yr)
      1. Graduated payment mortgage (GPM)
        1. Adjustable rate mortgage (ARM)
          1. Home Equity Loan
            1. Interest-only mortgage
              1. bi-weekly mortgage
              2. Amortization
                1. Calculate by Table
                  1. Formula:(Amount of Mortgage/1000) X Table rate
                  2. PITI (Principal, Interest, Taxes, and Insurance)
                    1. Monthly Payment Breakdown
                    2. "Extra Costs"
                      1. Repairs & Maintenance
                        1. Closing Costs
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