lukestein’s Twitter Archive

…in reply to @arpitrage
@arpitrage @daniel_egan Comprendo. Alas PMMS survey only seems to reports “average” rate and the points/fees at that rate. So I just assumed that borrowers “rolled in” the points (which I think is actually common in practice), borrowing more (≡making smaller down payment). mtgprofessor.com/A%20-%20Points/can_points_be_financed.htm
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…in reply to @lukestein
@arpitrage @daniel_egan E.g., borrower wants $1K equity at 1 point will borrow principal =$1000/0.99≈$1010.10, pay ~$10.10 in points, and then make payments that amortize the $1010.10. That’s what I did, but there could be a better/more standard way? (Calculating the PMT that amortizes at the APR??)
On twitter.com ♻️ 4 Retweets ❤️ 1 Favorite 2019 Jun 4 Mood +1 🙂