3 ms·
Thus it is not viable. It's a single equation with 3 variables. The monthly payment, the rate and the duration. The payment is about 50% of the typical salary
by user5994461 8y ago
Thus it is not viable.
It's a single equation with 3 variables. The monthly payment, the rate and the duration.
The payment is about 50% of the typical salary in the area. The rate is set by the economy. The duration is determined by the two other variables, it's not adjustable on its own.
- wtvanhest 8y agoTMV calcs have 5 variables. Pv, n, pmt, rate, fv If you raise rate, and assume pmt, fv constant you must increase n or decrease pv. My original point was that pv (loan value must come down) secondarily, n increases.