Prior towards the sub-prime crisis, a bad credit score had not been a deterrent to avail home loans. Compound interest is why the sum of all your monthly mortgage payments exceeds the total amount you borrowed to begin with. Compound interest is why the sum of your monthly mortgage payments exceeds the amount you borrowed to start with. But in the wedding you are a layman in finance, understanding everything about mortgage can be far from easy. Did You Know?Traditionally, the debt service coverage ratio was utilized as the ratio for loan for commercial estates by lending institutions.
But one trouble with it had been the calculation of compound interest. . . It only provides estimates.