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Mortgage Math
Name: Mortgage Math
Hours: 7.50
Course Code: M4031
Schedules by Location:
Mortgage Math                                                     7. 5 Hours

Working 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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