SIMPLE-INTEREST MORTGAGE
Simple-interest mortgage is a mortgage wherein the computation of interest takes place daily. A traditional mortgage computes interest monthly. The computation of a daily interest charge in the simple-interest mortgage is done by dividing the interest rate by 365 days and then multiplying it by the amount of the mortgage balance. With the same concept. a monthly interest charge is determined the same way. For a short cut, just multiply the daily interest charge by the number of days in the month.
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Lock Period
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Limit-On-Open Order - LOO
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Tweezer
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Debtor
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 09:00 | KOF Economic Barometer | Mar | |
| 09:00 | CPI | Mar | |
| 10:30 | Net Lending to Individuals | Feb | |
| 10:30 | M4 Money Supply | Feb | |
| 10:30 | Mortgage Approvals | Feb | |
| 11:00 | Consumer Confidence | Mar | |
| 14:00 | CPI | Mar | |
| 14:00 | Harmonized CPI | Mar | |
| 16:00 | Pending Home Sales | Feb |
