Welcome to Mortgage Guide
Mortgage Com Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Fun with Mortgage Calculators
from: Deb St. George - HomelessInKingCounty.comDreaming of buying a home now that the prices have dropped? Why not have a little fun with some online mortgage calculators? They help you to dream in a realistic way by giving you the hard facts about the numbers involved in your home mortgage dreams. There are a number of online mortgage calculators that can help you look at a fixed rate or a variable rate mortgage option.
Fixed Rate Mortgage Calculators
These are the simplest forms of mortgages to calculate. They come with a fixed interest payment that is for the life of the loan. You can estimated the interest payment very closely to what the present rates are on mortgage loans. You can add in the down payment that you are choosing to make to get the loan (which will have to be between 10 and 20% to qualify these days). The mortgage calculators will also ask for the term of the loan. Fifteen and 30-year loans are pretty common mortgage products, but you can now get one for 40 years too. The mortgage calculators will crunch the numbers and give you an amortized table of your payments. If you are not asked for an estimate of hazard insurance or property tax escrow payments, then the value you see might be smaller than the value you get at closing. If you want a closer estimate, be sure to find out what you hazard insurance and escrow payments might be for the house you are considering buying.
Adjustable Rate Mortgage Calculators
Years ago these mortgage calculators weren’t very common. Now, even people who are just looking to see how much more their payments will be with an adjustable rate mortgage they bought earlier might like these nice applications. The adjustable rate mortgage calculators add in additional information that can help you see how much a mortgage changes with an adjustment of the interest rate after the initial period is over. Keep in mind that the number of adjustable rate mortgage products are numerous and they all have their little intricacies. You may be able to get a reasonable picture of what happens when your mortgage rate adjusts, but it might not be suitable for the particular mortgage you choose. It might only work for one adjustment, whereas ARMs can adjust yearly at times. Always look at the good faith estimate to understand more about what your actual costs are for an adjustable rate mortgage and take a close look at the amortization table to see how your payments adjust over the years.
Mortgage Com News
Bankrate: Mortgage Rates Set 4th New Record in a Row - Sacramento Bee
Bankrate: Mortgage Rates Set 4th New Record in a Row Sacramento Bee By Bankrate, Inc. NEW YORK, May 16, 2012 -- /PRNewswire/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped ... |
Gateway Mortgage Group Enters Omaha, Neb. With Establishment of New Branch - MarketWatch (press release)
Gateway Mortgage Group Enters Omaha, Neb. With Establishment of New Branch MarketWatch (press release) TULSA, Okla., May 17, 2012 (BUSINESS WIRE) -- Gateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, has acquired its largest branch and entered the Omaha market with ... |
How to Pump Up Your Credit Score - New York Times
 New York Times | How to Pump Up Your Credit Score New York Times ONE prescription for avoiding another real estate bubble is that banks tighten up mortgage requirements. Now, a new Federal Reserve report indicates that lenders have indeed been doing just that. A majority of banks are less likely to offer loans to ... |
Bankrate: Mortgage Rates Set 4th New Record in a Row - MarketWatch (press release)
Bankrate: Mortgage Rates Set 4th New Record in a Row MarketWatch (press release) NEW YORK, May 16, 2012 /PRNewswire via COMTEX/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped below the 4 ... |
FHA Streamline Refinance Expert, Steve Hays, Launches New FHA Refinance Website - PR Web (press release)
 PR Web (press release) | FHA Streamline Refinance Expert, Steve Hays, Launches New FHA Refinance Website PR Web (press release) FHA streamline refinance expert, Steve Hays, is using his 20-year career as a mortgage expert to help homeowners struggling with their mortgage. The launch of http://www.fhaeasyrefi.com is designed as a first step resource to help homeowners meet the ... |
Cantor Fitzgerald & Co. Announces the Appointment of Al Milano to Head ... - MarketWatch (press release)
Cantor Fitzgerald & Co. Announces the Appointment of Al Milano to Head ... MarketWatch (press release) NEW YORK, May 17, 2012 /PRNewswire via COMTEX/ -- Cantor Fitzgerald & Co. announced today that industry sales veteran Al Milano has joined as Senior Managing Director and Head of Mortgage Sales in New York. Mr. Milano, formerly with Salomon Brothers, ... |
HSH.com Weekly Mortgage Rates Radar: Renewed Eurozone Worries Drive Mortgage ... - San Francisco Chronicle (press release)
HSH.com Weekly Mortgage Rates Radar: Renewed Eurozone Worries Drive Mortgage ... San Francisco Chronicle (press release) HSH.com releases its latest Weekly Mortgage Rates Radar showing another downward move in mortgage rates from the previous week. The Weekly Mortgage Rates Radar reports the average rates and points offered by lenders for the two most popular types of ... Eurozone drives mortgage rates downward |