Cbay916
NORTH HIGHLANDS,#2Consumer Suggestion
Thu, March 19, 2009
My advice for the future is to make sure you understand your mortgage prior to signing it. An interest rate at 11% amortizes the same, no matter where it originated. Below is an example of a 20-yr $20,000 loan at 11% Year Interest Principal Balance 2009 $1,823.57 $240.81 $19,759.19 2010 $2,157.72 $319.53 $19,439.66 2011 $2,120.74 $356.51 $19,083.15 2012 $2,079.49 $397.76 $18,685.38 2013 $2,033.46 $443.79 $18,241.59 2014 $1,982.10 $495.15 $17,746.45 2015 $1,924.81 $552.45 $17,194.00 2016 $1,860.88 $616.37 $16,577.63 2017 $1,789.55 $687.70 $15,889.93 2018 $1,709.97 $767.28 $15,122.65 2019 $1,621.18 $856.07 $14,266.58 2020 $1,522.12 $955.13 $13,311.45 2021 $1,411.59 $1,065.66 $12,245.79 2022 $1,288.28 $1,188.97 $11,056.82 2023 $1,150.69 $1,326.56 $9,730.26 2024 $997.18 $1,480.07 $8,250.19 2025 $825.91 $1,651.34 $6,598.85 2026 $634.82 $1,842.43 $4,756.42 2027 $421.62 $2,055.64 $2,700.78 2028 $183.74 $2,293.51 $407.27 2029 $5.61 $407.27 $0.00 These are how ALL mortgages work for everyone, from good credit to bad.
Cbay916
NORTH HIGHLANDS,#3Consumer Suggestion
Thu, March 19, 2009
My advice for the future is to make sure you understand your mortgage prior to signing it. An interest rate at 11% amortizes the same, no matter where it originated. Below is an example of a 20-yr $20,000 loan at 11% Year Interest Principal Balance 2009 $1,823.57 $240.81 $19,759.19 2010 $2,157.72 $319.53 $19,439.66 2011 $2,120.74 $356.51 $19,083.15 2012 $2,079.49 $397.76 $18,685.38 2013 $2,033.46 $443.79 $18,241.59 2014 $1,982.10 $495.15 $17,746.45 2015 $1,924.81 $552.45 $17,194.00 2016 $1,860.88 $616.37 $16,577.63 2017 $1,789.55 $687.70 $15,889.93 2018 $1,709.97 $767.28 $15,122.65 2019 $1,621.18 $856.07 $14,266.58 2020 $1,522.12 $955.13 $13,311.45 2021 $1,411.59 $1,065.66 $12,245.79 2022 $1,288.28 $1,188.97 $11,056.82 2023 $1,150.69 $1,326.56 $9,730.26 2024 $997.18 $1,480.07 $8,250.19 2025 $825.91 $1,651.34 $6,598.85 2026 $634.82 $1,842.43 $4,756.42 2027 $421.62 $2,055.64 $2,700.78 2028 $183.74 $2,293.51 $407.27 2029 $5.61 $407.27 $0.00 These are how ALL mortgages work for everyone, from good credit to bad.
Cbay916
NORTH HIGHLANDS,#4Consumer Suggestion
Thu, March 19, 2009
My advice for the future is to make sure you understand your mortgage prior to signing it. An interest rate at 11% amortizes the same, no matter where it originated. Below is an example of a 20-yr $20,000 loan at 11% Year Interest Principal Balance 2009 $1,823.57 $240.81 $19,759.19 2010 $2,157.72 $319.53 $19,439.66 2011 $2,120.74 $356.51 $19,083.15 2012 $2,079.49 $397.76 $18,685.38 2013 $2,033.46 $443.79 $18,241.59 2014 $1,982.10 $495.15 $17,746.45 2015 $1,924.81 $552.45 $17,194.00 2016 $1,860.88 $616.37 $16,577.63 2017 $1,789.55 $687.70 $15,889.93 2018 $1,709.97 $767.28 $15,122.65 2019 $1,621.18 $856.07 $14,266.58 2020 $1,522.12 $955.13 $13,311.45 2021 $1,411.59 $1,065.66 $12,245.79 2022 $1,288.28 $1,188.97 $11,056.82 2023 $1,150.69 $1,326.56 $9,730.26 2024 $997.18 $1,480.07 $8,250.19 2025 $825.91 $1,651.34 $6,598.85 2026 $634.82 $1,842.43 $4,756.42 2027 $421.62 $2,055.64 $2,700.78 2028 $183.74 $2,293.51 $407.27 2029 $5.61 $407.27 $0.00 These are how ALL mortgages work for everyone, from good credit to bad.