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2. Mortgage note: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-note-does-211132255...

   A mortgage note is one of many closing documents a borrower signs when closing on a home loan. In simplest terms, it represents the mortgage for a given borrower. In technical terms, a mortgage ...

3. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. ... calculator and the Bankrate mortgage calculator. These ...

4. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. [ 1 ] The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

5. Prepaying your mortgage: What is it and should I do it? - AOL

   www.aol.com/finance/prepaying-mortgage-152800578...

   Payment method. Pay off loan in … Total interest. Total interest saved. Minimum every month. 30 years. $644,600. $0. 13 payments a year* 22 years, 11 months

6. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Mortgage loans are generally structured as long-term loans, the periodic payments for which are similar to an annuity and calculated according to the time value of money formulae. The most basic arrangement would require a fixed monthly payment over a period of ten to thirty years, depending on local conditions.

7. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula. The monthly payment c depends upon: r - the monthly interest rate. Since the quoted yearly percentage ...