Buying a home is a central part of the American Dream. This has seemed a little out of reach to many families in recent history with the fallout from the housing bubble. Lenders are more skittish than ever to loan money to those with less than perfect credit. In addition, new government legislation has creditors … Read more
Recently, we unveiled our new Mortgage Calculator. Our mortgage calculator has a couple of great benefits: It charts the payments so you can see the principal and interest. It provides the monthly payment amount. It has a mortgage amortization schedule. You can include additional principal payments. It doesn’t require multiple screen loads like most calculators, … Read more
We’ve finally finished our new Mortgage Calculator, and we’re very proud of it! The mortgage calculator was a lot of work, but we’re happy the day is here to unveil it. We did our best to make the mortgage calculator functional, intuitive, and aesthetically pleasing. We hope this is helpful for you, and if you have any … Read more
Deciding whether you need to refinance your home or opt for a homeowner loan, such as a second mortgage, can be a stressful decision. Maybe you’re only beginning to weigh your options, but here’s something that may ease your mind. The average homeowner will keep their first mortgage for a mere seven years or less. … Read more
Buying a home is serious business and finding suitable funds and a mortgage to finance the deal takes tenacity. Many different lenders exist and they all offer various types of loans and repayment methods. If you want to do your own calculations, instead of waiting for advice from lenders, you can do so using a … Read more
Once you have decided to invest in property, a long and complex process is in the making. The services of a reputable real-estate agent will make the process easier. Real-estate agents offer many services to their clients including many for free. Finding a suitable mortgage is paramount when buying property and the use of a … Read more
So let’s say you’re looking to buy yourself a new house, but you can’t decide how much to spend. This is a common problem as it’s hard to decide whether you should invest more or less. This has become even more complicated with a tumultuous property market. It is also a tricky problem as buying … Read more
If you like what you read, then subscribe to our feed! I know that I’m cutting it a bit close to the end of tax season, but many people don’t pay extra on their mortgage for tax purposes. To be honest, for a larger majority of people, deducting the mortgage interest really doesn’t matter very … Read more
If you like what you read, then subscribe to our feed! How would you like to get 5,054 hours of your life back, without having to pay for it? How would you like to get 2.43 years off from work? Your numbers may vary, but we’re going to show you how. Now, it isn’t something that you … Read more
In our article “Paying Your Mortgage Early” we covered some of the mathematics behind paying a mortgage early. It’s very important to do this in order to minimize the amount of money that you are putting into the banks pocket. For every dollar extra you pay in interest, that’s a dollar you can’t use to … Read more
Today we are going to discuss some of the mathematics behind paying extra towards your mortgage early on. Here are the assumptions: Mortgage Amount: $150,000 Mortgage % Rate: 5% – Fixed Mortgage Term: 30 Years No prepayment penalty That last one is important. Few mortgages have prepayment penalties, but always double-check. Additionally, there are a … Read more