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How Mortgages Work | HowStuffWorks – In simple terms, a mortgage is a loan in which your house functions as the collateral. The bank or mortgage lender loans you a large chunk of money (typically 80 percent of the price of the home), which you must pay back — with interest — over a set period of time.
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Discounted Cash Flow Formula & Example – mysmp.com – Definition of Discounted Cash Flow The discounted cash flow is a fundamental analysis equation used to discount future cash flows to get their present value. Discounted Cash Flow Formula The discounted cash flow formula is used by financial managers to calculate the time value of money and compounding returns.
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How does a reverse mortgage work? reverse mortgages work like a home equity loan, except the homeowner only has to repay loan under certain conditions.. A term option allows you to take some of the money from your reverse mortgage as income for a set period of time. For example, if you are.