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	<title>Loan Formula</title>
	<link>http://www.loan-formula.com</link>
	<description>Loan formula, loan payment formula, amortization formula loan</description>
	<lastBuildDate>Thu, 28 Jan 2010 08:01:40 +0000</lastBuildDate>
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	<item>
		<title>Loan Calculator Excel Template</title>
		<description><![CDATA[Printer friendly excel spreadsheet for creating a loan amortization schedule. You just type loan amount, annual interest rate, loan period (in years) and start date of loan, then the spreadsheet automatically calculates and shows you the payment schedule.

Download loan calculator (File size : 114KB, needs MS Office to run)
]]></description>
		<link>http://www.loan-formula.com/loan-calculators/loan-calculator-excel-template.html</link>
			</item>
	<item>
		<title>Home Refinancing Basics</title>
		<description><![CDATA[In recent years, millions of homeowners have taken advantage of low rates and refinanced their mortgages. This article describes the advantages and possible pitfalls associated with a &#8220;refi.&#8221;
1.     Home Refinancing Basics
In recent years, Americans seeking to take advantage of low interest rates have lined up to refinance their mortgages. In fact, refinancings hit an all-time [...]]]></description>
		<link>http://www.loan-formula.com/home-loans/home-refinancing-basics.html</link>
			</item>
	<item>
		<title>The Three Largest Factors in your Interest Rate</title>
		<description><![CDATA[There are three major factors that affect how much you pay for a loan. Understanding these factors can save you time, money and frustration.
1. The Federal Reserve Discount Interest Rate.
Banks and other lending institutions borrow money from the Federal Reserve Banks. The discount rate is the interest rate a Federal Reserve Bank charges eligible financial [...]]]></description>
		<link>http://www.loan-formula.com/interest-rate/the-three-largest-factors-in-your-interest-rate.html</link>
			</item>
	<item>
		<title>Home Repair Loans</title>
		<description><![CDATA[Home repair loans are great for those emergency leaky roofs or the shingles that have gone beyond their twenty years and just need replaced. These lending agreements are also wonderful for that driveway that needs blacktopped again or a swimming pool that needs a new liner or perhaps electrical wiring that is thirty years beyond [...]]]></description>
		<link>http://www.loan-formula.com/home-loans/home-repair-loans.html</link>
			</item>
	<item>
		<title>Continuing Education Loan Overview</title>
		<description><![CDATA[Continuing education is sought after by a number of people. Generally speaking, continuing education programs can be divided into two classes. The first is general adult education, including courses taught beyond regular postsecondary education like an undergraduate degree. Adult education can include subjects like English as a Second Language, literacy, vocational training, GED preparation, and [...]]]></description>
		<link>http://www.loan-formula.com/student-loans/continuing-education-loan-overview.html</link>
			</item>
	<item>
		<title>Types of Student Loans</title>
		<description><![CDATA[Students and families are often confused with the variety of options available when it comes to financing a college education. There are a myriad of options, from college scholarships and grants to federal and private student loans.
As part of the Higher Education Act of 1965, President Lyndon Johnson created a law which was intended &#8220;to [...]]]></description>
		<link>http://www.loan-formula.com/student-loans/types-of-student-loans.html</link>
			</item>
	<item>
		<title>Top 10 Ways to Avoid Loan Fraud</title>
		<description><![CDATA[Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Here are the top ten ways to avoid becoming a victim yourself.

Take your time and shop around. You should be able to compare prices and houses. If a lender or broker tells you they are your only chance [...]]]></description>
		<link>http://www.loan-formula.com/loan-fraud/top-10-ways-to-avoid-loan-fraud.html</link>
			</item>
	<item>
		<title>New Monthly Payment Formula For U.S. Direct Loans and FFELP Loans</title>
		<description><![CDATA[You may qualify for a lower monthly payment formula in the new student loan repayment program. But it can only be done with federal direct student loans FFELP loans, Grad PLUS loans and federal consolidation loans that do not include Parent PLUS loans. Federal Perkins student loans require Direct student loans consolidation.
The income-based student loan [...]]]></description>
		<link>http://www.loan-formula.com/loan-formula/new-monthly-payment-formula-for-u-s-direct-loans-and-ffelp-loans.html</link>
			</item>
	<item>
		<title>Loan Payment Formula</title>
		<description><![CDATA[
Where rate = Annual Percentage Rate divided by 1200
For example, an 8 % annual rate becomes .0066666666666666&#8230;
Let&#8217;s suppose we want to borrow $150,000 for 30 years at 8 per cent annual percentage rate. What is the monthly payment?

1) The rate would be .0066666666&#8230;
2) The months would be 12 × 30 = 360.
3) So the monthly [...]]]></description>
		<link>http://www.loan-formula.com/loan-formula/loan-payment-formula.html</link>
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