Rasheed Hasi
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Purchased Price: Rs 223 INR from Amazon India
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I'm posting my personal experience with this product in hopes that it will be helpful for you.279rsSELLERThere are three pairs of ankle length socks in the navy blue colour.Looks good and decentQUALITY is a bit thick with cushion support socks.Quality isn't an issue here.The size comes up to ankle length in the description.They are worth it.ANY NEGATIVES?None.Even after several machine washes the socks are intact.FINAL WORDBudget friendly, comfortable & good looking quality socks.Though it's mentioned as men's pair of socks, I feel women can also use Obviously I'm using quite comfortably.Would I recommend if you are planning to buy?Yes, I would!HOPE THIS REVIEW IS USEFUL TO YOU
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How much interest is prepaid will determine when you want your first regular payment to begin. Many borrowers prefer to make a mortgage payment on the first of every month. Some prefer the 15th. Sometimes, lenders will choose that payment date for you, so if you have a preference, ask.
In the United States, interest is paid in arrears. Your principal and interest payment will pay the interest for the 30 days immediately preceding your payment's due date. If you are selling your home, for example, your closing agent will order a beneficiary demand, which will also collect unpaid interest. Let's take a closer look.
For example, suppose your payment of $599.55 is due December 1. Your loan balance is $100,000, bearing interest at 6% per annum, and amortized over 30 years. When you make your payment by December 1, you are paying the interest for the entire month of November, all 30 days.
It may seem like you get 45 days free before your first payment is due on December 1, but you do not. You will pay 15 days of interest before you close, and another 30 days of interest when you make your first payment.
If you want to know your unpaid principal loan balance that is remaining after you make your first mortgage payment, you can use our amortization calculator. But if you'd like to understand how to figure it out on your own, read on.
First, take your principal loan balance of $100,000 and multiply it by your 6% annual interest rate. The annual interest amount is $6,000. Divide the annual interest figure by 12 months to arrive at the monthly interest due. That number is $500.
Since your December 1 amortized payment is $599.55, to figure the principal portion of that payment, you would subtract the monthly interest number ($500) from the principal and interest payment ($599.55). The result is $99.55, which is the principal portion of your payment.
Now, subtract the $99.55 principal portion paid from the unpaid principal balance of $100,000. That number is $99,900.45, which is the remaining unpaid principal balance as of December 1. If you are paying off a loan, you must add daily interest to the unpaid balance until the day the lender receives the payoff amount.
You know now that your unpaid principal balance after your December payment will be $99,900.45. To figure your remaining balance after your January 1 payment, you will compute it using the new unpaid balance:
It is because although the unpaid balance is computed using the same method every month, your principal portion of the monthly payment will increase while the interest portion will get smaller.
To compute daily interest for a loan payoff, take the principal balance times the interest rate, and divide by 12 months, which will give you the monthly interest. Then divide the monthly interest by 30 days, which will equal the daily interest.
Suppose, for example, that your uncle gives you $100,000 for a New Year's Eve present, and you decide to pay off your mortgage on January 5. You know that you will owe $99,800.40 as of January 1, but you will also owe five days of interest. How much is that?
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How is daily mortgage interest calculated?
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