lt;em>Car loan payment calculatorThe variables used are the principal amount, the term of the loan, interest rate and rebates. The term of the loan and down payment amount affects the monthly payment.
>>>Mortgage qualification calculators: This calculator looks at all the other payments like student education loans, car payments, and credit card debts that a person has and utilizes the fixed rate principal.
>>>A commonly used formula for loan payment is:Monthly payment = [ r+r / ( (1+r)^ months 1) ] * principal loan amountwhere r = decimal rate / 12As with any other loan, paying a higher sum every month pays off the loan faster.
>>>Here are some tips:Pay on time - The first aspect that the lenders would look for would be your payment history. If your payment has been made well within the due date and if you have been on the consistent side of the pyramid, there is nothing to fear of!
>>>Here are some useful tips to avail home loans even if you hold a bad credit:Ensure that you do not have any outstanding or delay in payment for the last 12 months.
>>>At present, the rate of interest for a used car, in the three-year financing and loan category, is between 4.88 and 4.9%, making it quite an affordable option.
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