Now and Forever Zero Mortgage Payments

Product Description
What could you do with the extra money if your “MORTGAGE” payment would disappear?

· Now and Forever, Zero Mortgages payments is dynamically written with the consumer in mind with easy to follow instruction who wishes to have the ultimate satisfaction of having a “True” Zero mortgage payment on their home. It guides you through various actual scenarios to demonstrate practical applications in the finalization of deletion toward mortgage payments. … More >>

Now and Forever Zero Mortgage Payments

Mortgage Payments

Product Description
Updated to reflect current rates, these quick reference tables show the size of monthly payments necessary to amortize loans on amounts up to $600,000 over periods ranging from one to 40 years across a broad span of interest rates. There is a short-entry glossary of financial terms at the back of the book…. More >>

Mortgage Payments

Home Equity Loans-Lower Rates, Smaller Payments, A Better Option

Home equity loans are sometimes used for consolidating consumer debt or covering a large expense such as a wedding, college expenses, or home repairs to your existing home. Home equity loans are great in that they use the collateral already invested in your home to secure the loan, allowing you to get a better rate out of the deal and make smaller payments than you would to a credit card or even on a personal loan. Home equity loans are desirable to borrowers because they oftentimes have a lower interest rate, they are easier to qualify for even if you have bad credit and your monthly payments on a home equity loan may be tax deductible.


In the past, home equity loans were more often than not used for home upgrades that would raise the value of your home. Nevertheless, these loans have become a feasible option for large, non-home improvement related purchases or even for consolidating outstanding debts into one monthly payment at an affordable interest rate. Even as home equity loans are a great means to release extra cash which is tied up in your home, borrowers must be fully aware that they are using their home as collateral. If a situation arises and their loan requirements aren’t met, they could lose their house.


Lenders consider several factors such as your credit history, ability to repay the loan, and your homes equity (noted above) when deciding how much money to lend. Although the chances of your approving for an equity loan may increase, you’re not going to get a complete pass on the “process”. Lenders will still have to review the credit history of potential borrowers to settle on their credit worthiness. Lenders will still have to review the credit history of potential borrowers to settle on their credit worthiness. Lenders will still have to review the credit history of potential borrowers to settle on their credit worthiness.


So how much can you get? The amount of your loan is tied to the equity in your home with is simply determined by subtracting the amount owed on the home from the current market value. Equity loans enable homeowners to borrow money against their home’s calculated value. The “equity” merely refers to the cash value that has grown in your house because you have been making your monthly payments over time.


Equity loans, secured by real estate, are normally deemed safer by lenders. Because of this your interest rates are likely lower than credit card rates or even consumer loans. Additionally, regardless of the rate, the interest on debt secured by the mortgage or lien on your personal residence is commonly tax-deductible. Please consult your accountant for more detailed information. Home equity loans are, essentially, fixed rate home loans that enable you to take advantage of the money you’ve already invested in your home to finance larger debts at a lower interest rate than most revolving credit options. Home equity lending, often referred to as a second mortgage or borrowing against your existing home, can open up a lot of avenues as a funding source for a current homeowner..


When all is said and done, home equity loans are a great option if you are confident in your ability to pay them off. Because they normally have a lower interest rate, are less difficult to qualify for (even with poor credit) and the interest may be tax deductible, home equity loans are a great alternative for homeowners. Like anything else however, buyer beware. Less reputable lenders frequently target people in vulnerable circumstances with troubled credit by suggesting what appears to be an easy solution. Hidden fees and confusing rate calculations can make a bad situation get worse.

WebSourceMortgage is a resource site for those considering mortgage loans or home equity loans. Visit us or check out our article directory for free article distribution.

Mortgage Calculator Reveals Big Savings With Small Payments

Having agreed on a monthly payment schedule with your mortgage lender doesn’t necessarily set that amount in stone – that’s just the minimum you can pay! By playing with a mortgage calculator, particularly a pre-payment loan calculator, you can see where extra payments can make long-term savings on your mortgage.

The mortgage calculator will quickly show that you don’t have to pay large sums of additional cash in order to make a difference. Even regular smaller sums can greatly reduce the length of time you are paying your mortgage. They will even reduce the amount of interest you would be paying. Imagine that the mortgage you thought would be with you until you were 50 can be painlessly paid off by the time you are in your mid 40s! That’s strong motivation to try out the appropriate mortgage calculators to see what kind of financial additional payments you need to make this achievement.

The first thing you need is to use a home budget calculator to check your current financial situation. How much disposable income do you have each month? Where does this go currently? Could you comfortably commit an additional $50 a month, for example, to your mortgage? Put that figure into the mortgage calculator and see what difference it would make to your long-term mortgage picture.

It can get addictive to try and shave off more of your disposable income and put the increased amount into the mortgage calculator, but beware of over-stretching your finances. While it’s exciting to see how much faster you could pay off your mortgage, and so fast to see the results that the pre-payment mortgage calculator gives you, it’s also easy to get carried away and forget that you need to keep finances in hand for other things!

One of the best things you can do is to find a minimum additional monthly payment that you can make without creating too much of a problem – perhaps by canceling subscriptions you don’t use, or by cutting out one trip to a well-known coffeehouse each week. Use the mortgage calculator to work out the difference this makes to your mortgage principal. This is the least impact you will make on your mortgage.

Next try and save an additional sum in a separate banking account and try not to touch this. If you haven’t had any emergencies requiring the money during the year, withdraw it after 12 months and make a single extra additional larger sum payment against the capital (still making that basic monthly payment in the same month!) and then use your mortgage calculator to see how much difference this has made. This way you can keep that money handy and still reduce your mortgage. But it will not reduce your interest as much as paying out monthly. Be sure to check out all these variables on the mortgage calculator.

A mortgage for your home is a long-term commitment, but using a mortgage calculator you can see how it’s possible to reduce the time period with additional small monthly payments. Paying off your mortgage quicker, and paying less interest, without financially hurting yourself – isn’t that worth exploring further?

For More Articles on Mortgage Calculators, please visit: http://www.greatpublications.com/Mortgage Calculator Clues.htm

How Do I Calculate Mortgage Payments When Buying A Home From A Family Member?

We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it seems this gives us flexibility and saves us money, but isn’t as secure. What are the specific down-sides to this?

How Does A Mortgage Holder Get Out Of Pmi Payments On Their Mortgage Loan?

Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.