Mortgage Forum
Which is better - daily simple interest or normal amortization?
This is a discussion on Which is better - daily simple interest or normal amortization? within the Mortgage Talk forums, part of our Mortgage Chat category; I received a letter from my 2nd mortgage holder stating that my loan had been calculated using daily simple interest ...
| |||||||
| Register | FAQ | Members List | Calendar | Search | Today's Posts | Mark Read |
September 22nd, 2008, 09:12 AM
| #1 |
| Senior Member Join Date: Apr 2008
Posts: 1,498
|  Which is better - daily simple interest or normal amortization? I received a letter from my 2nd mortgage holder stating that my loan had been calculated using daily simple interest but that was not in accordance with my contract. They are reversing all payments and changing it to normal amortization. Which one pays the loan off faster? Thanks! |
|  |
 |
| Tools | |
| Display Modes | |
Linear Mode
| |
| ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| What is the difference between loan term and amortization term | Mike | Mortgage Talk | 0 | September 9th, 2008 12:24 PM |
| What is the difference between loan term and amortization term | Mike | Mortgage Talk | 0 | September 8th, 2008 07:54 AM |
| 12 Simple Tips To Cut Your Gas Expenses And Help The Environment | Zino | Personal Finance | 0 | August 9th, 2008 03:34 AM |
| Simple Ways to Keep More of Your Money | Zino | Personal Finance | 0 | May 22nd, 2008 04:21 PM |
| Realtors lying or is it just normal charateristic??? What to | Mike | Mortgage Talk | 0 | May 7th, 2008 09:34 AM |
All times are GMT -7. The time now is 10:57 PM.