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2. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   The formula contained in this law, which determined the amount due to lenders, was called the "rule of 78" method. The reasoning behind this rule was as follows: A loan of $3000 can be broken into three $1000 payments, and a total interest of $60 into six. During the first month of the loan, the borrower has use of all three $1000 (3/3) amounts.

3. What is Rule of 78 and how can it impact loans? - AOL

   www.aol.com/finance/rule-78-impact-loans...

   Note that a 12-month loan comes with a rule of 78, but a 24-month loan would follow the rule of 300 since the numbers would add up to that amount. Loans that last 36 months, 48 months and so on ...

4. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount. More complex calculators can take into account other costs associated with a mortgage, such as local and state taxes, and insurance.

5. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   How to calculate total loan costs. The total cost of a loan depends on the amount you borrow, how long you take to pay it back and the annual percentage rate. The APR is the most important factor ...

6. How I Spent My Tax Rebate: Paid extra on my mortgage

   www.aol.com/2008/05/15/how-i-spent-my-tax-rebate...

   Some have asked me what's the best use for the $1,200 tax rebate (families with kids get more). That was an easy answer for me personally -- I paid extra on my mortgage principal. You probably ...

7. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income [1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices.