Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



Mortgage Advice

Reply to topic
Money Talk > Credit & Loans

Author Thread
smk
Preferred Member


Cash: $ 37.05

Posts: 183
Joined: 12 Dec 2012

 Reply with quote  

the irr calc takes care of most of the exponents. the only thing you have to worry about is annualizing it. you should use (1+r)^12 to annualize from monthly, but if you just multiply r x 12 it is not too bad.

the problem with the way you were going about it is they were going to make mistakes. you need to consider where the interest payments were coming from and record the impact as well. you also can't simply add each monthly interest payment to get a total expense paid out. that kind of stuff was going to fall through the cracks. then you get an answer that tells you to do something you really shouldn't do.

if you show each change in cash flow and then sum them up for each month, you can see all of the steps. then you just subtract to show the differences and run an irr for a breakeven. this is less likely to cause errors and you can still see each step...

Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
Post Mon Feb 25, 2013 9:40 am
 View user's profile Send private message
marionsawyer
Member


Cash: $ 2.00

Posts: 10
Joined: 11 Apr 2013

 Reply with quote  

A mortgage, whatever form it takes, can often be one of the biggest expenses of a person's life. Secured loans are available for business premises and residential loans, and often involve repayments over many years.
Post Thu Apr 11, 2013 10:13 am
 View user's profile Send private message
elwinmerle
New Member


Cash: $ 2.00

Posts: 8
Joined: 18 Apr 2013

 Reply with quote  

As you get ready to purchase your first home, make sure you've made a housing budget and applied for a mortgage, so you'll know how much you can afford to spend.
Post Thu Apr 18, 2013 5:49 am
 View user's profile Send private message

Goto page Previous  1, 2
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices