Dave,

No idea about "Rembrandt mortgages" specifically, but the only legal way to increase monthly
payments but decrease the rate of principle reduction is to either have extra fees built-in, or
offer higher interest rates. They may be targeted to poor credit risks, or loans with greater than
100% debt to equity ratios.

HTH,
Bernie
MS Excel MVP


"Dave" wrote in message ...
Anybody know the equations used in the Rembrandt mortgage calc function. It is relatively new (I
think) One of its features is that it favors the lender in that it increases the monthly
payment, but decreases the rate of principle reduction. A neat trick. Don't ask - I'm tying to
find out myself.

Hope I have this wrong - but it is an interesting calc.

Dave