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mortgage : Insurance

Tips on Paying Off Mortgage Debt

If you're feeling shackled to your home because of the mortgage, try paying it off early.Yasuhide Fumoto/Photodisc/Getty ImagesThe majority of people in the United States turn to mortgages to buy homes; mortgages are loans from the government or financial institutions specifically for the...

Things You Need To Know When Hiring Mortgage Brokers

Are you looking for the best solution for home acquisition? If you do, then you should hire an intermediary who is expert in assisting clients to get a favorable mortgage loan. Managing your business alone ...

How to Use Excel to Calculate Amortization

Calculating the amortization of a mortgage or personal loan can be done quickly through Excel by using a simple formula. An amortization calculation is needed to determine the monthly amount required in order to payoff the loan, as most of the payments at the beginning go toward paying the interest.

Requirements to Qualify for a Mortgage

Every mortgage has certain requirements.mortgage image by hans slegers from Fotolia.comFor a borrower to qualify for a new mortgage, he must meet certain requirements. These requirements vary by lender and the mortgage program chosen, but each has a few minimum requirements. If a...

Everything You Need to Know About the FHA ARM

Did you know FHA loans actually have an adjustable-rate option? The popularity of FHA home loans has exploded since the dip in the economy, with FHA loans now accounting for almost 30% of mortgages in ...

How to Calculate a 50-Year Mortgage

A mortgage is a loan given by a bank to an individual to purchase a house. The piece of property purchased is used as collateral and should the borrower default on the loan, the bank can repossess or foreclose on the property to recoup what it is owed. Most mortgages run for 30 years and even though

How to Calculate Your Income

Knowing how to calculate your income is an important skill. It will enable you to make a personal budget, make a good debt repayment plan and give you an excellent snapshot of your overall financial health. It's also important to have this information in case you need to report your income to outsid

How to Calculate a Maximum Allowable Offer

Maximum allowable offer (MAO) is the maximum price point at which investors in a real estate deal can realistically expect to pull in a profit while minimizing the risk of losing money. If you exceed your calculated MAO then you essentially ensure that you'll lose money and minimize your chances of

The 6 Methods to Pay Off Your Mortgage Faster

There are only 6 ways to pay off your mortgage early and if you don't know them, you'd better be ok with leaving tens of thousands, sometimes even hundreds of thousands, of dollars on the table.

Getting Through a Loan Modification

Anyone who's went through it knows that the mortgage loan modification process is trying, confounding, frustrating, hair-pulling, exasperating, and any other adjectives denoting reaching one's last nerve that can be added to this string of ...

How to select the right mortgage broker

Your mortgage broker works for you and provided you have sufficient good credit you do not pay the broker out of your pocket for their services. For the broker to get a quote for you is free of charge

Pitfalls of Reverse Mortgages

Reverse mortgages may not be a good option for all seniors.house image by kruszek from Fotolia.comAdvertisements about reverse mortgages abound in all media, especially television. A reverse mortgage is a type of mortgage for seniors that allows a homeowner to tap into the equity...

How to Refinance a Fixed Mortgage

A fixed mortgage has a set interest rate for a specific time frame, unlike an adjustable rate mortgage (ARM). Many homeowners refinance a fixed-rate mortgage to decrease their monthly payment when lower interest rates are offered. Also, using the cash-out option when refinancing allows you to pay of

Applying For A Home Mortgage Refinance Loan

Be prepared to show the lender the most recent appraisal and survey of your home in case they ask. One other document to have on hand is also the most recent mortgage statement that shows the balance and monthly payments of any loans on your home.

FHA Seller Considerations

As a homeowner, you may think it doesn't make a difference whether a buyer uses a Federal Housing Administration-backed loan versus any other kind of loan when purchasing your house. In fact, FHA backed loans work differently than other kinds of loans because lenders who write these loans have to fo

New Jersey Reverse Mortgage Information

A reverse mortgage allows homeowners, aged 62 or over, to use the equity in their homes to take out a loan. The home must be owned outright or have a small mortgage balance. The New Jersey Housing and Mortgage Finance Agency offers the loans.