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2. Your mortgage statement explained - AOL

   www.aol.com/finance/mortgage-statement-explained...

   A mortgage statement is a document containing the latest details about your loan, including your monthly payment. The law requires your mortgage lender or servicer to send you statements for each ...

3. 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 ...

4. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   For example, the payment on the above scenario will remain $733.76 regardless of whether the outstanding (unpaid) principal balance is $100,000 or $50,000. Paying down more than the monthly contractual amount reduces the amount outstanding and thus the interest that is payable to the lender; if the contractual monthly payment stays the same ...

5. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   This monthly payment depends upon the monthly interest rate (expressed as a fraction, not a percentage, i.e., divide the quoted yearly nominal percentage rate by 100 and by 12 to obtain the monthly interest rate), the number of monthly payments called the loan's term, and the amount borrowed known as the loan's principal; rearranging the ...

6. How long should I keep mortgage statements and documents? - AOL

   www.aol.com/finance/long-keep-mortgage...

   While you can discard monthly mortgage statements, it's important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan.

7. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   A bank statement loan allows you to apply for a mortgage without having to prove your income via pay stubs, W-2s or tax returns. Instead, lenders use recent bank statements to assess your earnings.