| Mortage Process [message #386679] |
Do, 11 Mai 2006 08:41 |
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Hello All
I am Working in Sofware Compant as Software Engineer.
Right now I am Working on Mortgage System.
I am Unable to understand the Domain Terminology
like
Let say if i got the green signal from the Mortgage Company
to get the the Loan of $20,00000 with intrest rate 9.28% and 2 points
under the loan program called 30 year Fixed.
Here i need to ask:-
Q1 I read alot in net but i am not able to understand the the concept
of
Point. I feel that Points are nothing but a brokage of the broker ? if
this is brokage
then why it varies according to the Intrest rate.I mean If we opt the
Loan program of
high Intrest Rate then we got less Point and vise-versa . Why ???
Q2 What calculation are Perform to get the Pricing List and what that
list stands for?
With regards
Tarun Sinha
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| Re: Mortage Process [message #386681 ] |
Do, 11 Mai 2006 09:01 |
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"TARUN" <tarun.sinha [at] gmail.com> wrote in message
news:1147329704.060100.274860 [at] y43g2000cwc.googlegroups.com...
> Hello All
>
> I am Working in Sofware Compant as Software Engineer.
> Right now I am Working on Mortgage System.
>
> I am Unable to understand the Domain Terminology
> like
>
> Let say if i got the green signal from the Mortgage Company
> to get the the Loan of $20,00000 with intrest rate 9.28% and 2 points
> under the loan program called 30 year Fixed.
>
> Here i need to ask:-
>
> Q1 I read alot in net but i am not able to understand the the concept
> of
> Point. I feel that Points are nothing but a brokage of the broker ? if
> this is brokage
> then why it varies according to the Intrest rate.I mean If we opt the
> Loan program of
> high Intrest Rate then we got less Point and vise-versa . Why ???
>
> Q2 What calculation are Perform to get the Pricing List and what that
> list stands for?
>
> With regards
> Tarun Sinha
>
This is a UK newsgroup. How come you're working in dollars?
Rob Graham
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| Re: Mortage Process [message #386682 ] |
Do, 11 Mai 2006 09:03 |
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"Rob graham" <rttgrahamwow [at] btinternet.com> wrote in message
news:-N6dnfXllYzbfP_ZRVnyqQ [at] bt.com...
>
> "TARUN" <tarun.sinha [at] gmail.com> wrote in message
> news:1147329704.060100.274860 [at] y43g2000cwc.googlegroups.com...
>> Hello All
>>
>> I am Working in Sofware Compant as Software Engineer.
>> Right now I am Working on Mortgage System.
>>
>> I am Unable to understand the Domain Terminology
>> like
>>
>> Let say if i got the green signal from the Mortgage Company
>> to get the the Loan of $20,00000 with intrest rate 9.28% and 2 points
>> under the loan program called 30 year Fixed.
>>
>> Here i need to ask:-
>>
>> Q1 I read alot in net but i am not able to understand the the concept
>> of
>> Point. I feel that Points are nothing but a brokage of the broker ? if
>> this is brokage
>> then why it varies according to the Intrest rate.I mean If we opt the
>> Loan program of
>> high Intrest Rate then we got less Point and vise-versa . Why ???
>>
>> Q2 What calculation are Perform to get the Pricing List and what that
>> list stands for?
>>
>> With regards
>> Tarun Sinha
>>
>
> This is a UK newsgroup. How come you're working in dollars?
>
> Rob Graham
...and writing in Martian?
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386683 ] |
Do, 11 Mai 2006 09:05 |
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Ok consider it Euro Instead of Dollars
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| Re: Mortage Process [message #386685 ] |
Do, 11 Mai 2006 09:22 |
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"TARUN" <tarun.sinha [at] gmail.com> wrote in message
news:1147331108.424962.190620 [at] j33g2000cwa.googlegroups.com...
> Ok consider it Euro Instead of Dollars
>
How does that help for a UK group? Besides which, your questions are all
US-based and irrelevant for the UK.
No wonder companies can't sort out their IT if they employ people who dont
have a clue and who appear to be creating a system based on what they glean
off the net. Don't they do 'specifications' in your IT department? Do they
just want a certain amount of code, not too worried what it does?
I'm guessing you are doing your homework, not working. Otherwise, God help
the poor bastards who ever get their mortgage payments based on your app.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386686 ] |
Do, 11 Mai 2006 09:32 |
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Look If u r not intrwested ito answing this question then u need not to
answering anothing , it was alwa like a people you who enjoying writing
such a mail
instead of helping other.
good bye
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| Re: Mortage Process [message #386687 ] |
Do, 11 Mai 2006 09:38 |
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"TARUN" <tarun.sinha [at] gmail.com> wrote in message
news:1147332747.255623.203250 [at] y43g2000cwc.googlegroups.com...
> Look If u r not intrwested ito answing this question then u need not to
> answering anothing , it was alwa like a people you who enjoying writing
> such a mail
> instead of helping other.
>
> good bye
I *am* helping you, you are posting in the *wrong forum* to get the answers
you need.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386690 ] |
Do, 11 Mai 2006 09:56 |
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TARUN wrote:
> Ok consider it Euro Instead of Dollars
Still not much use in the UK.
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| Re: Mortage Process [message #386691 ] |
Do, 11 Mai 2006 09:59 |
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TARUN wrote:
> Look If u r not intrwested ito answing this question then u need not to
> answering anothing , it was alwa like a people you who enjoying writing
> such a mail
> instead of helping other.
I would love to see the comments in your coding. It's not that we will
not answer your question - it is just written in such a way as to make
it impossible to answer and posted to a UK group where the relevance is
zero.
Go and annoy someone in the US - or are they asleep as the moment?
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| Re: Mortage Process [message #386693 ] |
Do, 11 Mai 2006 10:17 |
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TARUN wrote:
> Look If u r not intrwested ito answing this question then u need not to
> answering anothing , it was alwa like a people you who enjoying writing
> such a mail
> instead of helping other.
Are you a paying customer that you demand the answer? Why wouldn't you use
a spelling checker?
Joe R.
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| Re: Mortage Process [message #386695 ] |
Do, 11 Mai 2006 10:36 |
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I am sorry dear ..... I need not to ask such question in this forum can
u Please suggest me the forum where i post this query
....................
Thank you
With regard
Tarun Sinha
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| Re: Mortage Process [message #386696 ] |
Do, 11 Mai 2006 10:37 |
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I am sorry dear ..... I need not to ask such question in this forum can
u Please suggest me the forum where i post this query
....................
Thank you
With regard
Tarun Sinha
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| Re: Mortage Process [message #386697 ] |
Do, 11 Mai 2006 10:56 |
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"Joe Random" <me [at] privacy.net> wrote in message
news:t4ydneWTXMoMb__ZnZ2dnUVZ8tKdnZ2d [at] pipex.net...
> TARUN wrote:
>> Look If u r not intrwested ito answing this question then u need not to
>> answering anothing , it was alwa like a people you who enjoying writing
>> such a mail
>> instead of helping other.
>
> Are you a paying customer that you demand the answer? Why wouldn't you use
> a spelling checker?
>
His messages are way beyond the help of a spell checker! I reckon he is
doing his coursework, can't imagine any company that would use such an
incompetent in language and no knowledge of what he is meant to be creating,
and without a spec, can you?
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386700 ] |
Do, 11 Mai 2006 11:12 |
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"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:4cgch1F15lgdtU1 [at] individual.net...
>
> "Joe Random" <me [at] privacy.net> wrote in message
> news:t4ydneWTXMoMb__ZnZ2dnUVZ8tKdnZ2d [at] pipex.net...
>> TARUN wrote:
>>> Look If u r not intrwested ito answing this question then u need not to
>>> answering anothing , it was alwa like a people you who enjoying writing
>>> such a mail
>>> instead of helping other.
>>
>> Are you a paying customer that you demand the answer? Why wouldn't you
>> use a spelling checker?
>>
>
>
> His messages are way beyond the help of a spell checker! I reckon he is
> doing his coursework, can't imagine any company that would use such an
> incompetent in language and no knowledge of what he is meant to be
> creating, and without a spec, can you?
>
> --
> Tumbleweed
>
> email replies not necessary but to contact use;
> tumbleweednews at hotmail dot com
>
Ur obviously not in software development then:-)
Adrian Smith
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| Re: Mortage Process [message #386702 ] |
Do, 11 Mai 2006 11:36 |
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"Adrian Smith" <x [at] x.spam> wrote in message
news:deD8g.67623$wl.7529 [at] text.news.blueyonder.co.uk...
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
> news:4cgch1F15lgdtU1 [at] individual.net...
>>
>> "Joe Random" <me [at] privacy.net> wrote in message
>> news:t4ydneWTXMoMb__ZnZ2dnUVZ8tKdnZ2d [at] pipex.net...
>>> TARUN wrote:
>>>> Look If u r not intrwested ito answing this question then u need not to
>>>> answering anothing , it was alwa like a people you who enjoying writing
>>>> such a mail
>>>> instead of helping other.
>>>
>>> Are you a paying customer that you demand the answer? Why wouldn't you
>>> use a spelling checker?
>>>
>>
>>
>> His messages are way beyond the help of a spell checker! I reckon he is
>> doing his coursework, can't imagine any company that would use such an
>> incompetent in language and no knowledge of what he is meant to be
>> creating, and without a spec, can you?
>>
>> --
>> Tumbleweed
>>
>> email replies not necessary but to contact use;
>> tumbleweednews at hotmail dot com
>>
>
> Ur obviously not in software development then:-)
>
> Adrian Smith
Funnily enough I am :-) And I take your point :-(
Reminds me of the old joke; "right you lot start coding, I'm going upstairs
to find out what they want".
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386711 ] |
Do, 11 Mai 2006 12:35 |
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How would you make an statement that i am in software developement .
I need to Know the teminology not Code
tarun sinha
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| Re: Mortage Process [message #386713 ] |
Do, 11 Mai 2006 12:36 |
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Thanks for compliment
Good Bye
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| Re: Mortage Process [message #386722 ] |
Do, 11 Mai 2006 13:23 |
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"TARUN" <tarun.sinha [at] gmail.com> wrote in message
news:1147343725.894523.66830 [at] q12g2000cwa.googlegroups.com...
> How would you make an statement that i am in software developement .
> I need to Know the teminology not Code
>
> tarun sinha
>
I was humorously digging at Mr Tumbleweed, who it appears is in software
development after all.
If it helps you at all, a 'percentage point' is often used to refer to
0.01%. However a 'point' can also be used to refer to the smallest unit used
in a system.
Adrian Smith
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| Re: Mortage Process [message #386733 ] |
Do, 11 Mai 2006 14:09 |
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TARUN wrote:
> How would you make an statement that i am in software developement .
In your first message you said:
"I am Working in Sofware Compant as Software Engineer.
Right now I am Working on Mortgage System."
Unless you lied, that means you are in software development.
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| Re: Mortage Process [message #386766 ] |
Do, 11 Mai 2006 18:38 |
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"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote:
>I'm guessing you are doing your homework, not working.
Why do you think that given the IP lookup ?
inetnum: 59.144.140.0 - 59.144.140.255
netname: BHARTI-IN
descr: BTNL-MP-DSL
descr: Access Business Group , MP
descr: 1, Malviya Nagar
descr: Bhopal
descr: Madhya Pradesh
descr: India
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| Re: Mortage Process [message #386769 ] |
Do, 11 Mai 2006 18:52 |
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"Daytona" <me [at] privacy.net> wrote in message
news:e1q662hb9u2ius70o07t4a66ml39f1pq5f [at] 4ax.com...
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote:
>
>>I'm guessing you are doing your homework, not working.
>
> Why do you think that given the IP lookup ?
>
> inetnum: 59.144.140.0 - 59.144.140.255
> netname: BHARTI-IN
> descr: BTNL-MP-DSL
> descr: Access Business Group , MP
> descr: 1, Malviya Nagar
> descr: Bhopal
> descr: Madhya Pradesh
> descr: India
Then thats very scary for the mortgage company concerned !
Makes you think about outsourcing and its supposed benefits.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386781 ] |
Do, 11 Mai 2006 22:25 |
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In message <W8F8g.67666$wl.6056 [at] text.news.blueyonder.co.uk>, Adrian
Smith <x [at] x.spam> writes
>If it helps you at all, a 'percentage point' is often used to refer to
>0.01%.
A percentage point is 1%, a 'basis' point is 0.01%.
--
John Boyle
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| Re: Mortage Process [message #386785 ] |
Fr, 12 Mai 2006 00:10 |
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Tumbleweed wrote:
> "Adrian Smith" <x [at] x.spam> wrote in message
> news:deD8g.67623$wl.7529 [at] text.news.blueyonder.co.uk...
>> Ur obviously not in software development then:-)
>
> Funnily enough I am :-) And I take your point :-(
>
> Reminds me of the old joke; "right you lot start coding, I'm going upstairs
> to find out what they want".
I also am the software developer. As the saying goes, "each joke has a
bit of joke" :)
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| Re: Mortage Process [message #386788 ] |
Fr, 12 Mai 2006 01:23 |
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"john boyle" <john [at] johnboyle1.demon.co.uk> wrote in message
news:WE4$L6CX35YEFwZF [at] johnboyle1.demon.co.uk...
> In message <W8F8g.67666$wl.6056 [at] text.news.blueyonder.co.uk>, Adrian Smith
> <x [at] x.spam> writes
>>If it helps you at all, a 'percentage point' is often used to refer to
>>0.01%.
> A percentage point is 1%, a 'basis' point is 0.01%.
>
> --
> John Boyle
Actually I meant a basis point... my mistake...
Adrian Smith
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| Re: Mortage Process [message #386789 ] |
Fr, 12 Mai 2006 01:28 |
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"Daytona" <me [at] privacy.net> wrote in message
news:e1q662hb9u2ius70o07t4a66ml39f1pq5f [at] 4ax.com...
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote:
>
>>I'm guessing you are doing your homework, not working.
>
> Why do you think that given the IP lookup ?
>
> inetnum: 59.144.140.0 - 59.144.140.255
> netname: BHARTI-IN
> descr: BTNL-MP-DSL
> descr: Access Business Group , MP
> descr: 1, Malviya Nagar
> descr: Bhopal
> descr: Madhya Pradesh
> descr: India
Don't they do homework in India?
Adrian Smith
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| Re: Mortage Process [message #386796 ] |
Fr, 12 Mai 2006 02:40 |
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"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:4ch8e8F1618ukU1 [at] individual.net...
> "Daytona" <me [at] privacy.net> wrote in message
> news:e1q662hb9u2ius70o07t4a66ml39f1pq5f [at] 4ax.com...
>> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote:
>>
>>>I'm guessing you are doing your homework, not working.
>>
>> Why do you think that given the IP lookup ?
>>
>> inetnum: 59.144.140.0 - 59.144.140.255
>> netname: BHARTI-IN
>> descr: BTNL-MP-DSL
>> descr: Access Business Group , MP
>> descr: 1, Malviya Nagar
>> descr: Bhopal
>> descr: Madhya Pradesh
>> descr: India
>
> Then thats very scary for the mortgage company concerned !
>
> Makes you think about outsourcing and its supposed benefits.
>
> --
> Tumbleweed
>
> email replies not necessary but to contact use;
> tumbleweednews at hotmail dot com
>
We were offered some 'cheap' Indian software development resource a couple
of months back. I was quite surprised that the British based contact wanted
to charge approx 35k per man per annum.... Someone's getting rich and I bet
it's not the programmers....
The only real benefit being we would receive all the source code up front
and have the option to refuse payment if not entirely satisfied...
Adrian Smith
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| Re: Mortage Process [message #386797 ] |
Fr, 12 Mai 2006 07:31 |
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we have done our homework ....... can i know what's your job profile...
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| Re: Mortage Process [message #386798 ] |
Fr, 12 Mai 2006 07:52 |
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Is it so.... Let me ome There as a software developer . can I ???
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| Re: Mortage Process [message #386799 ] |
Fr, 12 Mai 2006 08:23 |
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"TARUN" <tarun.sinha [at] gmail.com> wrote in message
news:1147413127.264570.252990 [at] i39g2000cwa.googlegroups.com...
> Is it so.... Let me ome There as a software developer . can I ???
>
Yoda. You Are. Claim My Five Pounds. I Do.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: Mortage Process [message #386801 ] |
Fr, 12 Mai 2006 08:34 |
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what is Yoda ... whats your job profile .
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| Re: Mortage Process [message #386853 ] |
Sa, 13 Mai 2006 14:33 |
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One Point represent one percent and likewise 2 points means 2 percent
pf loan amount. Generally points are chargede from borrowers by
lenders/brokers .
2.Points are sometimes collected from borrowers and these are sometimes
used to buy down the interest rate also.
Adi
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