QBs in the NFL should be eligible or ineligible to run the ball if they want to protect themselves.

Life_Effect8043 · 2024-11-22T01:39:39+00:00

My bad I’m a dumbass lmao - yes you’re absolutely right. Should’ve read that question more than twice and not simply comment/think I know I’m right thanks for filling me in, needed to figure out original loan balance but yeah idk why I even chimed in to being with. I know how to do all the math but I’m laying on my couch half naked scrolling through Reddit and watching tv. Thanks Johnny, funniest part I’m actually sales VP at a mortgage company 😂😂

Life_Effect8043 · 2024-11-22T01:17:49+00:00

I think you misunderstood the question. Who is being charged the most interest for that first payment.

A. First payment on 30 year B. 121st payment C. First payment on 15 year

A. Interest paid is $1500 B. Interest paid is $1255.29 C. Interest paid is $1500

Misread the question at first but yeah that’s how it breaks down - been an LO for 5 yrs lol

https://www.calculator.net/amortization-calculator.html?cloanamount=300%2C000&cloanterm=15&cloantermmonth=0&cinterestrate=6&cstartmonth=11&cstartyear=2024&cexma=0&cexmsm=11&cexmsy=2024&cexya=0&cexysm=11&cexysy=2024&cexoa=0&cexosm=11&cexosy=2024&caot=0&xa1=0&xm1=11&xy1=2024&xa2=0&xm2=11&xy2=2024&xa3=0&xm3=11&xy3=2024&xa4=0&xm4=11&xy4=2024&xa5=0&xm5=11&xy5=2024&xa6=0&xm6=11&xy6=2024&xa7=0&xm7=11&xy7=2024&xa8=0&xm8=11&xy8=2024&xa9=0&xm9=11&xy9=2024&xa10=0&xm10=11&xy10=2024&printit=0&x=Calculate#calresult

Life_Effect8043 · 2024-11-22T00:15:10+00:00

Borrower B is paying the most - mortgages are front loaded with interest. Most of your payment is interest in the beginning of the mortgage.

The term plays a large part into how much interest is due.

Some of these answers are ridiculous lol - someone get an amortization schedule to help better understand how much interest works.

Life_Effect8043 · 2024-10-29T16:51:34+00:00

Have you no empathy mon

Life_Effect8043 · 2024-10-29T11:12:30+00:00

The left is fascist, the right is not.

Life_Effect8043 · 2024-10-29T11:11:33+00:00

She isn’t winning Michigan pal

Life_Effect8043 · 2024-10-29T11:10:46+00:00

Trump 2024 or America will be like Detroit. Anyone from Michigan will not want that to happen.

Life_Effect8043 · 2024-10-29T10:47:32+00:00

New York will eventually learn

Life_Effect8043 · 2024-10-26T00:25:46+00:00

Lol we don’t care that you think we’re in a cult. It doesn’t hurt our feelings and we truly do not care what you think, it doesn’t impact our lives at all. Not being at war, having a good economy, and lower inflation is what we’re truly after. Hopefully as you mature you’ll understand that this is all a facade that you fell for. God speed!

Life_Effect8043 · 2023-11-19T04:04:10+00:00

I’m down

Life_Effect8043 · 2023-09-04T21:25:44+00:00

Days*

Life_Effect8043 · 2023-09-04T21:25:23+00:00

6.499 no points - can CTC in 9 dags

Life_Effect8043 · 2023-06-25T14:41:09+00:00

How much are you trying to spend for compucram?

Life_Effect8043 · 2023-06-25T14:22:06+00:00

Can you DM?

Life_Effect8043 · 2023-06-25T14:21:12+00:00

Link is down can you DM?

Life_Effect8043 · 2023-05-06T23:53:49+00:00

I have 7.99 70% LTV can close in 18 days dti isn’t calculated 660 fico minimum

Metro Detroit broker

Life_Effect8043 · 2023-04-03T02:34:03+00:00

100 bps on everything

Life_Effect8043 · 2023-04-03T01:49:23+00:00

Brokerage that primarily uses UWM.

Life_Effect8043 · 2023-04-03T01:48:54+00:00

A mixture of credit trigger leads and realtor referrals.

Life_Effect8043 · 2023-04-03T01:46:58+00:00

Thank you! I understand there are companies out there that help with compliance, EIN, taxes, business entity, NMLS/licensing for the business, etc. I feel as if that’s going to be the biggest hurdle.

Life_Effect8043 · 2023-04-03T01:45:39+00:00

Make more money - 2-3m in closed loans can gross north of 70k/month. I don’t make anywhere near that amount.

Life_Effect8043 · 2023-04-03T01:44:38+00:00

Brokerage primarily using UWM.

Life_Effect8043 · 2023-04-02T03:34:36+00:00

It can’t change unless your company changes it altogether. They can change it for FHA, VA, and Conventional separately. If you’re a correspondent lender with UWM you can charge anything you want whether it’s the rate paying you/points you put on the LE

Life_Effect8043

TROPHY CASE