Jay HinrichsPosterPremium#1 All Forums Contributor
- Real Estate Broker
- Lake Oswego OR Summerlin, NV
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How did we compute amortized payments before computers
I was going through my desk yesterday doing a deep clean and came upon my old Amortization book I used for years.
these were produced by title companies and given to agents.
if you wanted to know what the payment for a 10k loan at 7 years with 8% interest you just went to the page and scrolled down and there it was.
rates started at 5% and went to 15% and amortizations from 1 to 30 years Oh is was just so simple then.. I carried that book everywhere since I sold 100% of my deals back then owner finance.