Serious flaw in Mortgage Calculations for Refinance(patrick.net)
patrick.net
Serious flaw in Mortgage Calculations for Refinance
http://patrick.net/forum/?p=955578
1 comments
Most likely if the borrower wants to refinance the next month he will have the surprise that the principal will be equal to the original principal plus the "negative points" (and of course minus the principal amortization for the first month, which is quite small).