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| Mortgage Math |
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| Name: |
Mortgage Math |
| Hours: |
7.50 |
| Course Code: |
M4031 |
| Schedules by Location: |
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Mortgage
Math 7.
5 HoursWorking through the Fundamentals of Mortgages
- Introduction to Math related aspects of Mortgage financing.
- Memory function/[M+ & [Rcl].
- Percent calculations in real estate
- Selecting the number of displayed dec. places.
- The importance of date math.
- Calculate payments per year - [Set] [÷].
- The "Pro Mode" - default settings.
Developing and Practicing New Approaches to:
- Finding the interest rate of a loan.
- Amortization and remaining balance.
- Prepayment of principle and the money saved.
- Tax & insurance, PITI payments.
- Balloon payments.
- Qualifying the borrower.
- Annual percentage rate.
- Bi-Weekly loans.
- Changing ratios.
- Adjustable rate mortgages (ARM).
- Increased payments.
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