Re: Is it possible for a loan of $510,000 to create a payment of $1650? I think the Lender is hiding something.

Re: Is it possible for a loan of $510,000 to create a payment of $1650? I think the Lender is hiding something.
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 Re: Is it possible for a loan of $510,000 to create a payment of $1650? I think the Lender is hiding something. Venus˛˛ Reply Send to a Friend   Print
 
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Is it possible for a loan of $510,000 to create a payment of $1650? I think the Lender is hiding something. Venus˛˛ 11-14-2006

"DennyPent" <dennis@hotmail.org> wrote in message
news:48djl2hs13icsqftoi0n7t9m9rpvjo7lui@4ax.com...
> On Tue, 14 Nov 2006 06:27:11 GMT, "Venus??" <V?nus??@hotmail.com> wrote:
>
>>If this is a fix loan, 6.5%, 30 years, I don't see how they can make the
>>payment so low. Normally for this loan, the interest will be in the
>>$2,780
>>minimum. I tried 40 years and I still see $2500/mo of Interest.
>>
>
>
> $3194 per month
>
> Looks like negative amortization to me

Thanks for your response.




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