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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| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | Home Loans | Oct | |
| 07:00 | Economy Watchers Survey | Nov | |
| 08:30 | BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks | ||
| 08:30 | BOC Deputy Governor Timothy Lane Speaks | ||
| 08:45 | Unemployment Rate | Nov | |
| 09:00 | Trade Balance | Oct | |
| 11:00 | Industrial Production | Oct | |
| 11:30 | GDP | Oct | |
| 11:30 | Industrial Production | Oct |
