I just heard a personal finance expert recommend paying off a mortgage that has 14 years remaining. Here are the parameters of the 30-year fixed rate loan: Debt Present Value: 229,880Remaining Term: 168 (16 years paid, 14 years left)Annual Interest Rate: 6.6% (fixed over 30 years)Monthly Debt Service: -2,100 (principal + interest)Annual Debt Service: -25,200 From […]
Tag Archives: investor
I just added a new video tutorial “Calculating Capitalization Rate” to my information product “Introduction to Income Valuation and Syndication“. You can see the YouTube.com version here.