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Mortgage Professor about affordability calculator: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Why Is Alimoney Such a Drag?
June 19, 2000 "I make $93,000.00 a year, have good credit, and my only debt is a $340 monthly car payment. I also pay alimony of $2500 a month. When I use your affordability calculator and subtract the alimony from my income, I can afford a ... more... When Co-Borrowers Split July 19, 2000 "I am going through a divorce, and have agreed to stay on the mortgage for 3 years. At the end of that time, my ex-wife can refinance the house in her name. How much will this impact my buying a new home during the 3 years?" The loan will show ... more... |
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affordability calculator related definitions |
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Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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