Solving a Real Estate Amortization Problem with Video Explanation

Here we have a loan at $107,000 at 5.5 % interest rate. What would the new principal be after the third payment, if the monthly payment was $636?

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Proration Practice- Real Estate Exam Math Review

Let's Solve A Quick Proration Problem....Real estate students often ask,  "How the heck am I supposed to remember how many days are in each month?" When you are

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Solving for Points

What do points cost a borrower? When a homebuyer purchases a point, aka discount point, they pay 1 percent of the loan amount per point. People get confused

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