Posted on: 21st Aug, 2013 01:38 am
Hello there... One of my friends took out a 30 year mortgage. I just wanted to know how many payments will they be making on their mortgage?
Hi Gimmer,
If your friends make 1 payment every month for the next 30 years, then they will have to make - 30X12 = 360 payments.
Thanks,
Jerry
If your friends make 1 payment every month for the next 30 years, then they will have to make - 30X12 = 360 payments.
Thanks,
Jerry
Hi Gimmer!
Welcome to the forums!
Jerry is right in saying so. However, if your friend makes bi-weekly payments or extra payments, then the figure would change.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Jerry is right in saying so. However, if your friend makes bi-weekly payments or extra payments, then the figure would change.
Feel free to ask if you've further queries.
Sussane