The secured obligation which is talked about when you plan to acquire money through mortgages, consists of duty to return a credit granted, or a loan given, more product of holding ancillary responsibilities, which are determined using three fundamental variables: Capital: sum of money borrowed by the creditor to the mortgagor. The amount of withdrawn capital tends to be smaller than the realizable value of the mortgaged. Time: time that will take the return of capital and its accessory. The repayment of the loan is done through periodic payments to return the requested capital together with all interest accrued during the time given to return the principal. Interest: annual percentage rate that must be paid to the mortgagee or lender in respect of the capital gains. The interest rate can in turn be fixed (keeps its value throughout the entire term of the loan) or variable (its value is revised regularly).

Previous 3 variables that get them to request information on plans of mortgage banks, let you know what will be the gains that you will get the entity financial it is possible to perform calculations to know what will be the profits the entity by the granting of the loan and what will be the fee that you must pay each month to repay fully. You may find Philadelphia Real Estate to be a useful source of information. where the term must be expressed in months and the interest must be mensualizado. The result of this formula will allow you to estimate the fee you charged the financial institution under conditions by which granted the mortgage loan.