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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] loan calculations Posted by Alfred B. on September 05, 2001 at 9:16 PM Howdy Ward, A little confused on this one point. I need to know the rule of thumb again so that I can cement it in my mind. When calculating remaining balances on loans regarding doing a JBB... I know that you use a 30 year fixed term for the first, but... 1) Do you use a 30 or a 15 term for the 2nd? 2) And what about if the 1st and 2nd are on the same date (an owner carry or some such), do you do the both of them as 30 terms? 3) Also... is it correct to always add 1/2 point of interest to the 1st and always add 4 points of interest to the 2nd? 4) And lastly, would you add 4 points to the 2nd in the case of #2 above when the loans are both on the same date? Thanks old buddy, old pal. Follow Ups: Here's another thought Todd 5:52 PM, 09/07/01 (0) Re: loan calculations Ward-CA- 6:24 AM, 09/06/01 (1) Re: loan calculations... further clarification Alfred B. 8:29 AM, 09/06/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Howdy Ward, : A little confused on this one point. I need to know the rule of thumb again so that I can cement it in my mind. When calculating remaining balances on loans regarding doing a JBB... I know that you use a 30 year fixed term for the first, but... : 1) Do you use a 30 or a 15 term for the 2nd? : 2) And what about if the 1st and 2nd are on the same date (an owner carry or some such), do you do the both of them as 30 terms? : 3) Also... is it correct to always add 1/2 point of interest to the 1st and always add 4 points of interest to the 2nd? : 4) And lastly, would you add 4 points to the 2nd in the case of #2 above when the loans are both on the same date? : Thanks old buddy, old pal. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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