mortgage calculator

There’s no shame in admitting it: It’s possible to make it through college and into the real world without having the first idea about investing, money management, or anything that deals even remotely with finances. But thanks to the growing number of Web sites and online tools devoted to fiscal responsibility, it’s easier than ever [...]

Before you buy a home, you should obtain a pre-approval letter from the mortgage lender that states how much you’re eligible to borrow. This provides you with two important information: (1) the price range that you should be focusing on, and (2) the starting point for your monthly mortgage payments calculation. You can use an [...]

You may know that your credit report and credit score are important, but do you know why? And do you know how to improve them? Instead of giving you another boring list, here are 10 quick quiz questions to test your credit quotient. Write your answers down on a piece of paper and check them [...]

I came across Borrowing 401k Savings to Refinance Mortgage at Trees Full of Money. The article was mathematically interesting, and it’s worth analyzing this because many Americans are in a similar predicament. Here’s the premise:
A couple wants to refinance their mortgage from a 30-year fixed at 6% APR loan to 15-year fixed at 4.5% loan, [...]

The other day, I wrote about getting cash through reverse mortgages.  Today, I want to explore refinancing to access money locked up in your home equity. I think it’s a good idea to learn about these options in face of the economic crisis and record high unemployment rate.  You never know when your home equity [...]

Reverse mortgages are one way senior homeowners who are 62 years and older may be able to tap the home equity.  A reverse mortgage gives the homeowner money they need without having to leave the house and without having to repay the loan until the owner dies, the home is sold, or the house is [...]

Information about reverse mortgages and the interactive calculator are made available for illustrative and educational purposes only. The numbers generated by the calculator are estimates only and may differ from those you receive from private lenders.
If you need help, you should talk to a qualified professional regarding your financial situation.

Calculator powered by www.artog.com.au

Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I am going to provide you with my initial experience, and I will follow up with a second post to [...]

Last year, I switched my car and home insurances to Liberty Mutual and started an umbrella policy with them as well. This move netted me a saving of over $1,000 per year and allowed me to pay the premium monthly without any fee. Last week, I agreed to meet with the sales agent to discuss [...]

I mentioned previously that I made many financial mistakes in the past. One of the more serious ones was refinancing my mortgage from 30 years to 15 years in 2003 (about 4 years after I purchased my home). On the surface, I did a brilliant job of saving nearly $97,000 in interest expenses and ending [...]