depreciation, interest, and taxes EBDIT Earnings before interest, taxes, depreciation and amortization EBITDA Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs ... more details
Unreferenced date August 2009 Limited run manufacturing in contrast to mass manufacturing connotes means of manufacturing that are used to make a rather small number of units of a manufactured article. The manufacturing techniques used for limited run manufacturing are often different from those used for mass manufacturing. For example, when millions of identical plastic components are needed an injection molding tool might first be manufactured and then used to mold millions of articles. When only 200 articles are needed, the investment in creation of the injection molding tool is not justified because the cost of the tool cannot be amortization amortized across the millions of articles so the manufacturing technique might be to machine each of the 200 articles with an automated tool, such as might be used in rapid manufacturing . Limited run manufacturing is an increasingly important part of the manufacturing enterprise as more and more customized products are in demand in a competitive marketplace. DEFAULTSORT Limited Run Manufacturing Category Manufacturing ... more details
assets 4,715 billion Less Accumulated depreciation includes accumulated depletion and amortization ... Less Accumulated amortization 269 billion Amortization charged 68 billion Other assets 2,396 billion ... and loan associations, amortization of intangible assets, and tax exempt interest income. See also Das ... more details
multiple issues confusing May 2009 unreferenced May 2009 orphan December 2010 The term PVIFA is an acronym in finance theory for Present Value Interest Factor of an Annuity. It is very commonly used in calculating a number that can be used to determine a monthly payment that will be required, for a given interest rate and term, to amortize a loan. For example, if person borrows a lump of money, valued at W, due to be repaid at X intervals per year, at an annual interest rate of Y, for Z years, then the regular payment that will amortize this loan can be calculated as follows Formula Let math W math the amount borrowed math X math the number of regular intervals per year at which time the borrowed amount is to be repaid math Y math the annual interest rate charged math Z math the number of years over which the loan will be outstanding math A math the amount of the regular payment that will amortize the loan Then A W PVIFA X, Y, Z See also Annuity financial contracts Fixed rate mortgage Amortization calculator References references External links Category Finance ... more details
, taxes, depreciation and amortization EBITDA Depreciation & amortization Earnings before interest ... Operating income Operating Income Before Depreciation and Amortization Opportunity cost Profit ... more details
, and Amortization EBITDA is a very popular measure of financial performance. It is used ..., depreciation, and amortization charges and any taxes incurred. ref name Marketing Metrics EBITDA Net profit Interest Payments Taxes Incurred Depreciation and Amortization Charges ref name Marketing ... more details
In finance , accretion is the change in the price of a bond finance bond bought at a discount to the par value of the bond. ref http financial dictionary.thefreedictionary.com accretion Accretion definition on the financial dictionary ref Accretion can be thought of as the antonym of amortization . Accretion, in a corporate finance environment, is essentially the actual value created after a particular transaction. A deal will always be earnings accretive if the acquirer s price to earnings ratio is greater than the target s price to earnings ratio, including the acquisition premium. In accounting , accretion expense is the expense created when updating the present value of an instrument. For example, if you originally recognize the present value of a liability at 650, which has a future value of 1000, every year you must increase the PV of the liability as it comes closer to its FV. If the above liability, for example an asset retirement obligation, had a discount rate of 10 , accretion expense in Yr.1 would be 65 and the PV of the liability at the end of Yr.1 would be 715. In the context of mergers and acquisitions , accretion is referred to as the increase in a company s earnings per share on a pro forma basis following the Financial transaction transaction . For example, if Company A has 1.00 earnings per share and after acquiring Company B, the combined company s earnings per share is 1.25, then the acquisition would be referred to as 25 accretive. In contrast, a transaction is dilutive if the earnings per share decreases following the transaction. References references DEFAULTSORT Accretion Finance Category Bonds investment stub ... more details
Unreferenced date May 2007 accounting In accountancy accounting , gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting Overhead business overhead , payroll , taxation , and interest payments. Note that this is different from Earnings before interest and taxes operating profit earnings before interest and taxes . Net sales are calculated Net sales Gross sales Sales of returns and allowances. Gross profit is found by deducting the cost of goods sold Gross profit Net sales Cost of goods sold. Gross profit should not be confused with net income Net income Gross profit Total operating expense s taxes interest. Cost of goods sold is calculated differently for merchandising business than for a manufacturing manufacturer . Operating Profit Gross Profit Total operating expense s See also Cost of goods sold Earnings before interest, taxes, depreciation and amortization EBITDA Profit margin the ratio of net income to net sales Gross margin the difference between the sales and the production costs SG&A Net income Income statement Category Corporate finance Category Generally Accepted Accounting Principles de Rohertrag he id Laba kotor nl Brutowinst no Bruttofortjeneste pt Lucro bruto ru uk ... more details
Multiple issues unreferenced December 2009 orphan December 2009 http www.investopedia.com terms n noplat.asp Investopedia definition NOPLAT Net Operating Profit Less Adjusted Taxes. It means Total operating profits for a firm with adjustments made for taxes. It represents the profits generated from a company s core operations after subtracting the income taxes related to the core operations. NOPLAT is often used as an input in creating discounted cash flow valuation models. Used in preference to Net Income as it removes the effects of capital structure debt vs. equity . The Operating Profit is prior to interest and taxes being subtracted, which makes NOPLAT equal NOPAT . NOPLAT minus the monetary cost of all capital both equity and debt equals economic profit, which is quite similar to the trademarked Economic value added EVA model. Though an analyst should make thorough adjustments to account for amortization, intertemporal tax differences, taxes on nonoperating income, and other adjustments, sometimes the following simple back of the envelope formula is employed to show de levered profits by removing the effects of a debt tax shield Operating earnings After tax operating profit Interest paid 1 tax rate DEFAULTSORT Noplat Category Corporate finance Econ stub de Net Operating Profit Less Adjusted Taxes ... more details
Subclass HJ Public Finance is a classification used by the Library of Congress Classification system under Library of Congress Classification Class H Social sciences Class H Social Sciences . This article describes subclass HJ. Subclass HJ HJ 9 9940.......... Public finance 9 99.8 ..........Periodicals. Serials. By region or country 210 240..........History 241 1620..........By region or country 2005 2216..........Income and expenditure. Budget 2240 5908.......... Revenue . Tax Taxation . Internal revenue 2321 2323.......... Tax incidence . Tax shift ing. Tax equity 2326 2327.......... Progressive tax Progressive taxation 2336 2337.......... Tax exemption 2338..........Taxation of government property 2351.......... Inflation and taxation 2351.4..........Tax revenue estimating 2361 3192.7..........By region or country 3801 3844..........Revenue from sources other than taxation 3863 3925.......... Direct tax ation 4113 4601.......... Property tax 4629 4830.......... Income tax 4919 4936.......... Tax per head Capitation . Poll tax 5309 5510..........Administrative fees. User charges. License fees 6603 7390.......... Customs Customs administration 7461 7980..........Expenditures. Government spending 8001 8899.......... Government debt Public debts 8052.......... Sinking fund s. Amortization 8101 8899..........By region or country 9103 9695..........Local finance. Municipal finance. 9701 9940.......... Accountant Public accounting . Audit ing Sources http www.loc.gov catdir cpso lcco lcco.html Library of Congress Classification Outline Category Library of Congress Classification H HJ ... more details
Terms pertaining to US mortgages include Mortgage types Adjustable rate mortgage or ARM A mortgage where the interest rate adjusts relative to a specified index margin. Eg. COFI , LIBOR etc. Hybrid ARM An adjustable rate mortgage wher the initial start rate is fixed for some portion of time 3,5,7, or 10 years thereafter the interest rate adjusts yearly or bi annually based on the sum of a specified index margin. Eg. 2 28 Arm, 3 1 Arm, 5 1 Arm, 7 1 Arm, 10 1 Arm, 3 6month arm, etc... Fixed rate mortgage or FRM A mortgage where the interest rate and payment are fixed for the term of the loan. Negative amortization mortgage where the payment may be less than the monthly acrued interest, and the outstanding interest is capitalized monthly into the loan balance. Balloon payment mortgage A mortgage most commonly used in commercial real estate. The Balloon payment mortgage does not fully amortize over the term of the note, which leaves a balance due at maturity, known as a balloon payment. Interest only mortgage A type of mortgage where the borrower pays only the accruing interest on the principal balance. These payments on interest leave the principal balance unchanged. Terminology Yield spread premium A par rate is the lowest interest rate a borrower qualifies for, given by the lender. Reset interest rate and thus payments change periodically on ARMs. See also Mortgage loan UK mortgage terminology Category Mortgage industry of the United States econ theory stub ... more details
Taxation Armenia s complex tax system was revised in 1997 and again in 2001. The top corporate profit tax rate was lowered from 30 to 20 . As of July 1, 2001 a single rate was applied to all taxable profits, defined as the difference between revenues and the sum of wages, amortization payments, raw and intermediate purchases, social security contributions, insurance fees, and interest expenses. Newly formed enterprises are exempt from taxes for the first two years, but there is no provision for carrying forward losses. Individual income tax es are withheld by enterprises and are paid to the Ministry of Finance monthly. The personal income tax has been reduced from three bands to two 10 for monthly taxable income up to d80,000 144 and 20 plus a payment of d8,000 14.40 for taxable income between d120,000 and d320,000 1,892 for monthly taxable income above d80,000. Armenians also pay taxes to social security and pension funds. In 1992, Armenia introduced a value added tax, which stood at 20 in 2003. Excise taxes are applied to diesel fuel , oil , spirits, wine and beer at various rates. There are also land tax es and property tax es. Achieving a higher level of tax collection has been an important part of Armenia s economic reform programs. The fiscal deficit was projected at 2.4 of GDP for 2003. Europe in topic Taxation in Asia in topic Taxation in Category Taxation by country Armenia tax stub ... more details
EMI may refer to Electrical engineering Electromagnetic interference , also known as radio frequency interference EMI protocol , a short message service center protocol Music industry EMI , a record company originally named Electric and Musical Industries Ltd and its sub labels EMI America Records EMI Capitol Special Markets EMI Christian Music Group EMI Classics EMI Digital Mapping EMI Ecole Mohammadia d Ing nieurs EMI Hemisphere EMI Latin EMI Music Japan EMI Records EMI, a song from the 1977 Sex Pistols album Never Mind the Bollocks, Here s the Sex Pistols Experimental musical instruments magazine Experimental Musical Instruments magazine , a magazine and website by Bart Hopkin Finance Estimated Monthly Installment , a fixed payment owed each month on a property mortgage loan mortgage or other loan Equated Monthly Installment , a fixed payment owed each month on a property mortgage or other loan another term for Amortization business amortization European Monetary Institute , a financial institution Other Elderly, mentally infirm , term used in the United Kingdom s National Health Service for geriatric services for the mentally frail EMI Liya Hai Toh Chukana Parega , name of a 2008 Bollywood film starring Sanjay Dutt Engineering Mechanics Institute, an institute of the American Society of Civil Engineers Engineering programs and institutes American Society of Civil Engineers Medium of instruction Mediums of instruction in different countries and region English as a Medium of Instruction , a schools program in Hong Kong Enterprise manufacturing intelligence , integrates silos of manufacturing data into a unified view Escape from Monkey Island , a computer game European Middleware Initiative , a software platform for high performance distributed grid computing Excluded middle introduction, the use of the law of excluded middle in a logical argument Experiments in Musical Intelligence , a computer program for generating musical scores Extended matching items , a type ... more details
Merge from Balloon payment date December 2010 globalize USA date October 2010 A balloon payment mortgage is a mortgage loan mortgage which does not fully amortization business amortize over the term of the mortgage note note , thus leaving a balance due at Maturity finance maturity . ref name Wiedemer Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110 ref The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in Commercial property commercial real estate than in House residential real estate . ref name Fabozzi Fabozzi, Frank J. ed , Handbook of Mortgage Backed Securities, 6th Edition , p 1125 ref A balloon payment mortgage may have a fixed or a floating interest rate. The most common way of describing a balloon loan uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due. Citation needed date October 2010 An example of a balloon payment mortgage is the 7 year Fannie Mae Balloon, which features monthly payments based on a 30 year amortization. ref name FannieMae http www.efanniemae.com sf mortgageproducts pdf 7yearballoonaag.pdf 7 year Balloon Mortgages At A Glance PDF ref In the United States , the amount of the balloon payment must be stated in the contract if Truth in Lending Act Truth in Lending provisions apply to the loan. ref name Wiedemer Because borrowers may not have the resources to make the balloon payment at the end of the loan term, a two step mortgage plan may be used with balloon payment mortgages. ref name Wiedemer Under the two step plan, sometimes referred to as reset option , the mortgage note resets using current market rates and using a fully amortizing payment schedule. ref name FreddieMac http www.freddiemac.com corporate buyown english mortgages what is balloon reset.html Balloon Reset Mortgages ref This option is not necessarily automatic, and may only be available if the bo ... more details
to justify their risk and associated premiums. Amortization Types While historically super jumbo ... and payment cap or negative amortization loans currently called Option ARM mortgages were introduced ... only and negative amortization features, these loans allow borrowers to choose a lower payment ... only amortization and up to 50 lower or more in the case of deferred interest options. Trends Due ... in perception of negative amortization in the context of their primary residence not being an asset ... of super jumbo mortgage underwriting, negative amortization allows a borrower to extract more of the cash ... mortgage with principal and interest or interest only amortization, the borrower would ... amortization loans by super jumbo mortgage borrowers is to shift as much of their taxable ... more details
orphan date September 2011 accounting ACSOI Adjusted Consolidated Segment Operating Income also called Adjusted CSOI is a controversial ref cite web title Groupon s Innovative Accounting Why CSOI Makes Sense url http www.proformative.com blog groupon s innovative accounting why csoi makes sense 0 work Proformative accessdate 08 10 11 ref non GAAP accounting metric. The metric Amortization amortizes marketing and acquisition costs over several accounting periods. The Adjusted part of the metric increases inflates a company s reported net income in the most recent accounting period. The rationale behind the use of ACSOI is that marketing and subscriber acquisition expenses have value long into the future they build a brand ref cite news last De la Merced first Michael J. title What is Adjusted CSOI? url http dealbook.nytimes.com 2011 06 02 the groupon i p o what is adjusted csoi publisher New York Times accessdate 08 10 11 date 2 June 2011 ref therefore, they should be spread out over time. Cash spent on marketing is not expensed it is converted into another asset subscriber acquisition assets, net on a company s balance sheet . This presentation of net income is prohibited by the Financial Accounting Standards Board , arbiters of GAAP Generally Accepted Accounting Principles in the United States. In GAAP, marketing expenses may be accrued in some situations as Prepaid expense prepaid expenses , but only amortized in special cases. Deferred Acquisition Costs Deferred acquisition costs are typically only allowed for amortizing the acquisition costs of customers in businesses like insurance , where the amortization occurs over the well defined duration of a contract. ACSOI can be a useful internal metric for businesses to determine financial performance and to make strategic management decisions, if they believe their subscriber acquisition costs are an up front cash outlay that truly builds long term customer assets commensurate with that outlay. A main argument for no ... more details
, amortization business amortization and depletion accounting depletion are used to reduce ... over time. Land is not depreciated. Amortization is used to record the declining value of intangible ... Depreciation, amortization and depletion are recorded as expenses against a contra account . Contra ... Meigs, p.105 ref Similar bookkeeping transactions are used to record amortization and depletion. Discount ... value, which is the original acquisition cost less accumulated depreciation , depletion or amortization ... more details
Property law This aims to be a complete list of the articles on real estate . NOTOC compactTOC8 side yes top yes num yes 72 hour clause A Abstract of title Acknowledgment law Acre A measure of land Ad valorem tax Adjustable rate mortgage ARM Administration of an estate on death Administrator Administratrix Adverse possession Real estate agency Agency, Real estate , Real estate agent Agent, Real estate Allodial , Allodium American Land Title Association ALTA Amortization Amortization schedule Amortization calculator Apartment Real estate appraisal Appraisal, Real estate Appraised value An estimate of the present worth of a property Appreciation Arrears Assignment law Assignment Assumption of mortgage B Basis in property see cost basis Blockbusting Buyer s agent in real estate Bundle of Rights Burlington Company C Canadian Real Estate Association Capital gain Capitalization rate Chain of title Cheonse Cloud on title Closing cost s Closing real estate Closing, Real estate Commercial property Community property Land trust Community land trusts Community land trust Comparables Condominium housing Condominium Land trust Conservation land trusts Conservation land trust Contingency Real estate contract Contract of sale of real estate Contract for deed Conventional mortgage Conveyancing or conveying real estate title Cooperative apartment Copyhold Council housing D Deed Trust deed real estate Deed of trust Deficiency Depreciation Documentary stamp Domania Dominion Land Survey Double closing Due on sale clause E Earnest money Easement Ejido Eminent domain Structural encroachment Encroachment Encumbrance Equitable title Ownership equity Equity Escrow Escrow payment Estate law and Estate house Estate agent Estate for years F Federal Home Loan Mortgage Corporation FHLMC or Freddie Mac Federal National Mortgage Association FNMA or Fannie Mae Federal Housing Administration FHA Fee simple Fixer upper Flat fee mls Flat fee MLS Freehold real property Freehold Foreclosure For Sale By ... more details
FAS 141 no longer allows pooling of interests method. Amortization and adjustments to carrying value Goodwill is no longer Amortization business amortized under U.S. GAAP FAS 142 ref http www.fasb.org ... objected to the removal of the option to use pooling of interests, so amortization was removed ... more details
amortization negative amortization mortgage , and the balloon payment mortgage . Adjustable rates ... . Negative amortization . This means the mortgage balance is increasing. This occurs whenever the monthly ... payment adjustments, usually 7.5 annually on pay option negative amortization loans Life of loan ... amortization will typically have payment adjustments that occur less frequently than the interest ... the accruing interest, there is negative amortization , which means that the unpaid portion of the accruing ... borrowers will carefully manage the level of negative amortization that they allow to accrue ... the negative amortization and other features of this product can trigger substantial payment increases ... amortization typically 110 to 125 of the original loan amount . If that happens, the next minimum ... on the current fully indexed interest rate and the remaining term of the loan, if negative amortization ... reaches 250,000. Any loan that is allowed to generate negative amortization means that the borrower ... low teaser rates. As a result, such ARMs mitigate the possibility of negative amortization, and would ... in negative amortization. The option to make a minimum payment is usually available only for the first ... caps are identical . Negative amortization ARM caps See the complete article for the type of ARM that Negative amortization loans are by nature. Higher risk products, such as First Lien Monthly Adjustable loans with Negative amortization and Home Equity Lines of Credit aka HELOC have different ways ... loans with Negative amortization loan has a life cap for the underlying rate aka Fully Indexed ... more details
refimprove date October 2007 A public bad , in economics , is the symmetric of a public good . Air pollution is the most obvious example since it is non excludable and non rival, and negatively affects welfare. ref For current definitions of public bads see Charles D. Kolstad, Environmental Economics Second Edition ISBN 0 19 973264 7. ref Whereas public goods are typically under provided by decentralized decision making the market , public bad will generally be over provided, since the parties generating the public bad do not account for the negative effects or externality imposed on others. One possibility to mitigate the existence of public bad is the intervention of a third party, typically the state. In green economics , it is a Good economics good that produces socially undesirable results or an externality in standard economics . Most green economists advise measuring such impacts back to the present from the Seven generation sustainability seventh generation . Thus in the golf course example, both the recreation and the negative impacts from deforestation, associated habitat ecology habitat and biodiversity loss, and pesticide toxicity would be estimated across those generations and some amortization applied to determine whether the golf course was a public benefit or a public bad from the point of view of that seventh generation. Green economists argue that the costs of public bads are hidden cost hidden as externality externalities from the businesses that cause them &mdash meaning the market is not working correctly. The legal challenge is to create a system that takes into account these costs. The United States Environmental Protection Agency is an example of an attempt to make sure the costs of public bads are taken into account, although some groups on the right and left have criticized the value of its efforts. See also social cost externality References Reflist DEFAULTSORT Public Bad Category Welfare economics ... more details
Earnings are the net benefits of a corporation s operation. ref Robert G. Eccles, Robert H. Herz, E. Mary Keegan, David M. H. Phillips The Value Reporting Revolution Moving Beyond the Earnings Game Price Waterhouse Coopers, 2001. ref Earnings is also the amount on which corporate tax is due. For an analysis of specific aspects of corporate operations several more specific terms are used as EBIT earnings before interest and taxes, EBITDA earnings before interest, taxes, depreciation, and amortization. Many alternative terms for earnings are in common use, such as income and Profit accounting profit . These terms in turn have a variety of definitions, depending on their context and the objectives of the authors. For instance, the IRS uses the term profit to describe earnings, whereas for the corporation the profit it 10 K report s is the amount left after tax es are taken out. Many economic discussions use principles derived from Karl Marx ref Karl Marx Das Kapital, Kritik der Politischen Oekonmie 1967. ref and Adam Smith . ref Adam Smith The Wealth of Nations 1876. ref However the rise of the importance of intellectual capital ref Gordon Smith and Russell Parr Intellectual Property, 4th edition Wiley 2005. ref affects such analyses. Routine earnings Routine earnings or commodity based earnings are those that can be achieved by application of assets that are those that can be achieved by any business that employs sufficient capital economics capital and manpower. These conditions are commonly assumed in economic analyses of profit economics Non routine earnings The use of intellectual property generates non routine profits. Those are often an order of magnitude greater than routine earnings. ref John Hand and Baruch Lev editors Intangible Assets, Values, Measures. and Risks Oxford University Press, 2003. ref Non routine profits are essential to warrant the high investment s needed for high technology industries. Citations references Category Business terms ... more details
DDA may stand for Danish Design Award Delhi Development Authority , the Planning Agency for Delhi, the capital of India. Dda DNA dependent ATPase , a DNA helicase. Transactional account Demand deposit account , the classification that checking accounts fall into. Depletion accounting Depletion Depreciation Amortization , components of the financial report known as Income Statement often combined & summarized on a single line labelled as DDA MTU Detroit Diesel Australia , a diesel engine manufacturer in Australia and joint venture between Tognum and Daimler AG . District Attorney Deputy District Attorney Disability Discrimination Act 1992 , Australian legislation relating to disability discrimination. Disability Discrimination Act 1995 , UK legislation relating to disability discrimination. Discontinuous Deformation Analysis , an analysis procedure used in physics and engineering. Discrete dipole approximation Discrete Dipole Approximation , method for computing scattering of radiation by particles of arbitrary shape. Digital Differential Analyzer graphics algorithm Digital Differential Analyzer , a method of drawing lines on a computer screen, such as Bresenham s line algorithm . Also used in CNC Computer Numerical Control systems for manufacturing. Digital Differential Analyzer , a digital implementation of a Differential Analyzer . The Division on Dynamical Astronomy , a branch of the American Astronomical Society Defence Diversification Agency, an executive agency of the UK Ministry of Defence United Kingdom Ministry of Defence . Dog Day Afternoon , a 1975 film starring Al Pacino. Doha Development Agenda of the World Trade Organization Downtown Development Authority in the United States see Main Street Programs in the United States Dutch Dakota Association , a Dutch organisation dedicated to preserving and operating classic aircraft. Dynamic game difficulty balancing , also known as Dynamic Difficulty Adjustment, the method of automatically adjusting video game d ... more details
A wrap around mortgage , more commonly known as a wrap , is a form of secondary financing for the purchase of real property. The seller extends to the buyer a junior Mortgage loan mortgage which wraps around and exists in addition to any superior mortgages already secured by the property. Under a wrap, a seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase money balance. The new purchaser makes monthly payments to the seller, who is then responsible for making the payments to the underlying mortgagee s . Should the new purchaser default on those payments, the seller then has the right of foreclosure to recapture the subject property. Because wraps are a form of seller financing , they have the effect of lowering the barriers to ownership of real property they also can expedite the process of purchasing a home. An example The seller, who has the original mortgage sells his home with the existing first mortgage in place and a second mortgage which he carries back from the buyer. The mortgage he takes from the buyer is for the amount of the first mortgage plus a negotiated amount less than or up to the sales price, minus any down payment and closing costs. The monthly payments are made by the buyer to the seller, who then continues to pay the first mortgage with the proceeds. When the buyer either sells or refinances the property, all mortgages are paid off in full, with the seller entitled to the difference in the payoff of the wrap and any underlying loan payoffs. Typically, the seller also charges a spread. For example, a seller may have a mortgage at 6 and sell the property at a rate of 8 on a wraparound mortgage. He then would be making a 2 spread on the payments each month roughly, anyway. The difference in principal amounts and amortization schedule s will affect the actual spread made . As title is actually transferred from seller to buyer, wraparound mortgage transacti ... more details
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