Amortization charts can be daunting for many in the real estate industry, but they are a crucial tool for understanding loan payments and amounts. This video offers insights
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Points- Real Estate Math
How do we solve real estate math problems involving points? Remember that 1 point costs 1 percent of the loan amount. In the video below, we work through
Loan to Value Ratios
Solving a Real Estate Amortization Problem with Video Explanation
Here we have a loan at $107,000 at 5.5 % interest rate.What would the new principal be after the third payment, if the monthly payment was $636?This is
Proration Practice- Real Estate Exam Math Review
Let's Solve A Quick Proration Problem.... Real estate students often ask, "How the heck am I supposed to remember how many days are in each month?" When you
How to Solve For Points on the Real Estate Exam
What do points cost a borrower?When a homebuyer purchases a point, aka discount point, they pay 1 percent of the loan amount per point.Students often overthink math problems