O'Reilly logo

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition, 2nd Edition by Frank Gallinelli

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 34Calculation 28: Mortgage Payment/Mortgage Constant

What It Means

You will typically purchase an investment property with the aid of one or more mortgage loans. You, the borrower, are called the mortgagor, and the lender is called the mortgagee. You give the lender a lien against the property, and the lender gives you a mortgage loan. The lender can be a bank, an insurance company, the property seller, or even a private third party. You can have more than one mortgage, called first mortgage, second, etc.

The parties can structure a mortgage loan in any of several ways. For example, you might pay interest only for a period of time, then the entire balance; interest only followed by amortizing principal and interest payments; amortizing ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required