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How to Create a Loan Amortization Schedule - Part 2
In this episode, Nick Baldo discusses the intricacies of an amortization schedule. He addresses queries on extra principal payments, explains how to incorporate them into the schedule, and explores their impact on the loan and payoff date. He also delves into the effects of variable monthly payments on a loan.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
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A follow up to a previous video, this lesson shows you how to account for extra principal payments in your loan amortization schedule.
(0:00) Introduction and Overview of Amortization Schedule
(0:23) Addressing Queries on Extra Principal Payments
(1:21) How to Add Additional Principal Payments into the Schedule
(2:17) Impact of Extra Payments on the Loan
(3:04) Effect of Extra Payments on Payoff Date
(3:30) Impact of Variable Monthly Payments on Loan
(3:50) Conclusion and Viewer Engagement
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By Nick BaldoIn this episode, Nick Baldo discusses the intricacies of an amortization schedule. He addresses queries on extra principal payments, explains how to incorporate them into the schedule, and explores their impact on the loan and payoff date. He also delves into the effects of variable monthly payments on a loan.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
A follow up to a previous video, this lesson shows you how to account for extra principal payments in your loan amortization schedule.
(0:00) Introduction and Overview of Amortization Schedule
(0:23) Addressing Queries on Extra Principal Payments
(1:21) How to Add Additional Principal Payments into the Schedule
(2:17) Impact of Extra Payments on the Loan
(3:04) Effect of Extra Payments on Payoff Date
(3:30) Impact of Variable Monthly Payments on Loan
(3:50) Conclusion and Viewer Engagement