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How to Calculate Mortgage Payments for a Home

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Part of the video series: Mortgages

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Summary: Calculating mortgage payments for a home requires information on interest rates, amortization and the loan amount. Calculate monthly mortgage payments by using an online mortgage calculator with tips from a licensed mortgage broker in this free video on personal finance and real estate.

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By Adriel Torres
eHow Presenter

Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker. Torres has been doing credit repair since...read more

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"Hi, how to calculate mortgage payment for a home loan. That's going to be the discussion for today's topic. My name is Adriel Torres. I'm the owner of Ultimate Credit Today.Com. To calculate a mortgage payment you have to have three figures. You have to have the interest rate, you have to have the amortization which typically now most mortgages are going to be 30 years so 30 and you need your loan amount. Once you have those three figures you can plug them into a mortgage calculator and you'll have your mortgage payment. And by the way you can find thousands of mortgage payments on line. Just go to your search engine type in mortgage calculator and just use any of the ones available on line. But please don't forget to also add your taxes and your insurance to that amount because ultimately you're responsible for that as well. And that's how you calculate the mortgage on a home loan. My name's Adriel Torres. I'm the owner of Ultimate Credit Today.Com. Thank you very much."

eHow Article: How to Calculate Mortgage Payments for a Home