Caculate the rate of return on a mortage purchased at a discount.Third Request

Giganews Newsgroups
Subject: Caculate the rate of return on a mortage purchased at a discount.Third Request
Posted by:  JIm Crary (jimcra…@cox.net)
Date: Wed, 8 Oct 2003

How do I figure the rate of return on Mortgage if I
purchase the mortage at less the current value? ex
current balance 95,000 curent intrest 8% term remaining
300 mos orginal term 360 orginal balance 100,000 if I
paid 95 % opf the current balance what would my rate of
renur be ?

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