Philip Martin McCaulay

Mortgage Math Philip Martin McCaulay

The Mortgage Math pamphlet will help real estate professionals, loan originators, and home buyers understand the math associated with the mortgage industry. All of the mortgage formulas and examples are contained in ten pages. There are sections on periodic interest, payments, loan-to-value, debt-to-income ratios, maximum payment, maximum price, discount points, closing costs and prepaid items, and adjustable rate mortgages (ARMs).