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Fixed-rate mortgage loan

A fixed rate loan installment amount is calculated in a manner that if you keep the loan for the entire term (be it 15, 20, 30 years etc.) and make all of your payments on time, the loan will be paid off precisely at the end of the term.<br>http://www.awmlending.com/loans-fixed.php

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Fixed-rate mortgage loan

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  1. All Western Mortgage How Mortgage Lenders Calculate the Amount of Monthly Installments?

  2. For most type of mortgages, lenders or bankers calculate your monthly installment amount, comprising of interest and the principal, by using a standard formula, duration and terms and requirements of your loan.

  3. A fixed rate loan installment amount is calculated in a manner that if you keep the loan for the entire term (be it 15, 20, 30 years etc.) and make all of your payments on time, the loan will be paid off precisely at the end of the term. Fixed-rate mortgage loan

  4. The monthly payments you’ll make will depend upon the principal amount of the loan, interest rate and duration of the loan. You can use All Western Mortgage’s different mortgage calculators to calculate the monthly installments for different scenarios. Fixed-rate mortgage loan

  5. If you have taken a hybrid adjustable rate loan, your monthly payments for the initial years are calculated using the standard mortgage payment calculators, assuming that your initial interest rate remains fixed for the entire duration of the loan. Adjustable rate mortgage loan

  6. When the time comes to adjust your interest rate, your monthly payments get re calculated on the basis of the new interest rate and the remaining term of the loan. Adjustable rate mortgage loan

  7. If you plan on refinancing your mortgage, your existing loan gets paid off and is replaced by a new loan. Your new monthly payments get calculated on the basis of new loan’s term, new interest rate and the remaining principal amount. Refinancing your mortgage

  8. You can use All Western Mortgage’s refinance mortgage loan calculator to know your net savings on refinancing and the amount of revised monthly installments. Refinancing your mortgage

  9. Visit http://www.awmlending.com/calculators-mortgage.php to use All Western Mortgage’s user friendly and free of cost calculators.

  10. Contact us: All Western Mortgage Address: 8345 W Sunset Rd, Suite 380Las Vegas, NV  89113 Phone: 702-850-2790 Corporate: 702-369-0905 Fax: 702-906-0153 E-mail:info@awmlending.com Website: http://www.awmlending.com/

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