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triangle

Originally uploaded by amianda

Here is Triangle Square as it is today.

Comments (0) Jul 12 2009

Newport Blvd. at 18th St., Costa Mesa, circa 1963

Originally uploaded by Orange County Archives

Can you believe the difference in only 46 years? This is the same location as the current Triangle Square.

Comments (0) Jul 12 2009

This is a test post from , a fancy photo sharing thing.

Comments (0) Jul 12 2009

You may think an amortization chart is something that only mortgage professionals can use.  Or you may not even know what an amortization chart is. If you are wondering what good is an amortization chart, you aren’t alone.

An amortization chart is very useful to help understand the payment structure of a mortgage.  This can be useful if you have a mortgage and are thinking of paying it down early.  You can analyze the benefit of making extra payments to your mortgage with the help of an amortization chart.

It can also help you when you are looking into getting a new mortgage, either for a home purchase or  a refinance.  If you are shopping for a mortgage, you will want to be able to understand the costs involved both up front and over the term of the mortgage.  An amortization chart can show you how much of each payment is going towards principal and how much will be paid in interest.

A basic amortization chart will use the principal amount (loan amount), the interest rate and the term (number of years to repay the loan).  From these numbers it can calculate the monthly payment.

Take a look at this example:

Let’s say you get a $100,000.00 loan for a 30 year term at 8% APR interest.  The loan payment would be calculated such that you are paying 1/12 of 8% of the remaining principal in interest each month, plus enough principal to pay off the loan over 360 months.
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Comments (1) Jul 05 2009