Copyright (c) 2019
All Rights Reserved

amortization.com Ltd.
Burlington, Ontario
CANADA

905-639-0374
905-407-7988

info@amortization.com

Amortization Pro for iPhone/iPad/iPod

QUESTION: Two years ago, Bob and Mary borrowed $152,135 amortized for 27 years, and signed a five year term at an interest rate of 11%.

Now, two years later, the three year term interest rates are 7%. Bob and Mary would like to pay 7% interest for the remaining 3 years of monthly payments, instead of 11%. The Lender asked them for a $15,440 interest rate differential (IRD) payment along with their 24th monthly payment if they wanted the interest rate lowered to 7% for the remaining 3 years. How can Bob and Mary make an informed decision about paying the $15,440?

Click HERE for the Simple Answer

Click HERE for the Detailed Answer

VIDEOS

amortizationdotcom Mortgage Calculator for iPhone

Introduction to Canadian and American Mortgages

Seminar on prepaying principal (Part A)

Seminar on prepaying principal (Part B)

Global TV Interview regarding 40 Year Mortgages

Look for this logo on the Apple Store!