What is the Effective Annual Interest Rate? The Effective Annual Interest Rate (EAR) is the interest rate that is adjusted […]
Tag: loans
What Is a Maximum Loan Amount? – techmirror.in
The maximum loan amount is the highest amount that your lender authorizes to you. This loan amount applies to standard […]
Rule of 72 – techmirror.in
What is the Rule of 72? The Rule of 72 is a mathematical principle that estimates the time it will […]
Recast Mortgage: What Is It & How Do You Calculate It? – techmirror.in
Homeowners who want to shave off dollars from their monthly mortgage payment, as well as save money on interest, might […]
What is securitization and why is it used? – techmirror.in
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or […]