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Real Estate Math-13

Real Estate Math

QuestionAnswer
P=%xT Part equals percent times total- a basic formula for real estate math
Loan Factor Monthly payment amount of principal and interest required to amortize a loan of $1000 based on the interest rate and term of the loan-loan amount divided by 1000 times the factor equals payment
Debit A debt at closing as shown on the closing statement
Credit Cash due at closing as shown on the statement
LTV Loan to value ratio-the percent of the price that the buyer is borrowing-high LTV means low down payment
Created by: Shirilyn
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