Chapter 15 Reading, The Cost of HomeOwnership

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Business/Economics Mapa Mental sobre Chapter 15 Reading, The Cost of HomeOwnership, criado por Emily McIntosh em 07-07-2022.
Emily McIntosh
Mapa Mental por Emily McIntosh, atualizado more than 1 year ago
Emily McIntosh
Criado por Emily McIntosh aproximadamente 2 anos atrás
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Resumo de 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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