Uk Loans, Low Rate Personal Loan
text ads

Interest only calculator by MortgageLoan

Current rates by MortgageLoan

Current rates by MortgageLoan

Categories

  • Mortgage Calculator


December 29, 2006

US home sales rise

US home resales increased 0.6 percent in November,

 industry data showed, suggesting the slumping property market is stabilizing.

breitbart.com

The National Association of Realtors said existing-home sales amounted to a seasonally adjusted annual rate of 6.28 million units in November, well ahead of the 6.15 million figure expected on Wall Street. This followed a 0.5 percent increase in October.

 

The November sales level was 10.7 percent below the pace of a year ago, reflecting the tumble in the real estate market after years of spectacular growth.

David Lereah, NAR's chief economist, said the report suggests the worst may be over for the housing slump.

"As the housing market recovers from its correction, existing-home sales should be rising gradually during 2007 -- it looks like we may have reached the low point for the current cycle in September," he said.

"We've entered a more sustainable period of home sales now, and we expect greater support for prices over time as inventory levels are eventually drawn down."

The latest report showed housing inventory levels fell 1.0 percent at the end of November to 3.82 million existing homes available for sale, which represents a 7.3-month supply at the current sales pace.

December 25, 2006

Second Mortgages Interest rates

What Are Second Mortgages, And When Are They Helpful?

2nd mortgage basically allows you to borrow money against the equity of your home. If you need cash fast for things such as remodeling your home, adding on another room or even to consolidate your debts, these options are useful. A second mortgage in the form of a home equity loan is a great way to get extra cash fast and these types of loans are usually calculated at a set interest rate.

Interest rates tend to be much higher with second mortgages than with refinancing. If you need cash quickly and plan to pay off the money that you have borrowed quickly, a second mortgage is just the ticket. You are also given a lot of flexibility with a second mortgage, including having the option of borrowing all of your home’s equity or just part. You can also choose a long-term repayment option or a short term one.

Copyright:

http://mortgage.brand-blog.com/

December 22, 2006

Refinance Second Mortgage, 2nd Mortgage Refinancing

A 2nd mortgage simply means that the amount you borrow is secured by your property, in second preference to your first mortgage. Some lenders call it secured loan. 2nd mortgage loans are loans that are made in addition to the first mortgage, and it is usually based on the amount of equity that the borrower uses to build into his home.

Refinance Second Mortgage, means that you'll be getting a new mortgage with a new low interest rate and  new term.

December 04, 2006

fixed rate mortgage vs adjustable rate mortgage

The are two types of mortgage loans:

Fixed rate mortgage, and adjustable rate mortgage(ARM).
In a fixed rate mortgage,the interest rate remains fixed for the life of the loan. The borrower is protected from sudden increases in monthly payments if interest rates grow. Borrowers choose fixed rate mortgage when interest rates are low.

In a adjustable rate mortgage(ARM),the interest rate may change during the life of the loan.

If you intend to live in your home more than just few years and you like the financial stability of a fixed payment, Than fixed rate mortgage is the right loan for you.

But, If you Plan to briefly remains in your home, Don't afraid from monthly payment change, And you firm your income will increase in the future, Than adjustable rate mortgage is the right loas for you.

Adjustable rate loans have cleverly protected borrowers money in recent years.
According the msn money expert fixed-rate mortgage are much higher than the Adjustable Rate Mortgages.

November 21, 2006

Mortgage interest rates drop

Mortgage rates fall sharply

Mortgage rates at 8-month low

Rates on 30-year mortgages fell sharply last week to the lowest level in eight months, reflecting easing inflation concerns.

Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent the previous week. The decline pushed rates to the lowest level since March 2, when they also stood at 6.24 percent.

Analysts attributed last week’s drop to further good news on inflation as both consumer and wholesale prices registered big drops

 

November 14, 2006

Free Interest Only Mortgage Calculator

  
    Free Mortgage Calculator
 The calculator is able to find any of the five (5) variables involved in a mortgage loan: -
 Monthly Payment - Loan Amount - Down Payment Amount - Interest - Term or Number of Payments.
This calculator can run in three (3) modes -
-  Simple:  The Basic case of a loan that doesn't involve any taxes or insurance.
 - Advanced: The same as Simple with added taxes and insurance.
 - Complete: The same as above with the addition of any fees that may be involved.
The results of the calculations are split into three (3) sections and multiple parts:
 - Summary: Displays the basic loan information and payment break-down.
- Amortization: Displays the amortization table.
- Distribution: Shows the totals and true amounts paid over the life of the loan.
MORTGAGE CALCULATOR - Click Here 
Tips For Using A Loan Calculator  
 by Tim Renolds

 
When it comes to getting a loan for your mortgage and using a mortgage calculator, you should definitely know the differences in a home equity loan and a home loan. First, a home loan is basically your first loan when purchasing a home. This could mean first time buyers or seasoned buyers that are just looking for a different home. A home equity loan is a type of loan that uses the equity within your home to determine how much you can receive. This type of loan is typically referred to as a second mortgage; additionally with this type of loan, the interest rates are higher than that of a home loan.
When you are wanting to obtain a home equity loan you should use a mortgage calculator specific for home equity to determine what the different areas of using your equity in relation to the payment is required. These calculators typically help you to determine if this action is the best for you or not. One thing that a mortgage calculator can really help you with is determining if refinancing the home entirely is a better alternative for you. It can help you with a variety of options when it comes to refinancing, and this is especially true if you have a great deal of equity within your home. If you input these figures into the mortgage calculator, you will be able to itemize and compare which of the options or alternatives is best suited for you.
Typically obtaining a home equity loan is appealing to an owner, for the simple reason that the mortgage lending company or person makes it appealing and wants your property. Prior to agreeing or signing any paper you will want to figure out all details he or she is offering you and consult with your mortgage calculator, you will want to make sure that your calculations match the ones he presented you. One thing that is truly imperative is that you fully understand all obligations required of you when you are obtaining a home equity loan, there is nothing worse than having your home become threatened with foreclosure because there was something you did not understand.
You should consider all of your options to make informed and calculated decisions, as refinancing your home or obtaining home equity loans is a big decision for anyone to make. Do not go into lightly and only sign agreements or contracts that you completely and fully understand.
About the Author
Tim Renolds is a wirter for the Home Owner Loans website. Tim enjoys writitng on many finance related subjects.
Mortgage News Daily

CFPB Disclosure Form News; Create Your Freddie User Profile; How is April Loo...
by Rob Chrisman
18 Apr 2014 at 6:52am

Posted To: Pipeline Press

Tommy LaSorda supposedly said, "I found out that it's not good to talk about my troubles: 80% of the people who hear them don't care and the other 20% are glad you're having trouble." Many mortgage banking analysts are concerned about percentages - and everyone is doing their best to not end up being a carcass by the side of the road. The smartest guys in the room are saying, "Estimate that 1Q14 mortgage volume will come in at roughly $225 billion...While the MBA mortgage applications index is down an average of roughly 5% in 1Q, it was down by closer to 25% for the period from mid-November 2013 to mid-February 2014, which should drive 1Q14 closings....decreasing earnings estimates for title insurers...modeling in a roughly 25% decline in industry mortgage volume...modeling in more modest declines...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS RECAP: Moderate Selling Followed by Heavy Selling and Tons of Reprices
by Matthew Graham
17 Apr 2014 at 12:02pm

Posted To: MBS Commentary

Bond markets had a bad day. The setup for this one started as early as Tuesday, when what looked like a shift toward weakness on Monday was instead greeted with a refreshing amount of resilience. Despite the fact that the resilience was based on geopolitical risk, it may have nonetheless set us up to hope that we could hold our ground. Then, when today's Geneva talks produced news of deescalation, bond markets were quickly forced to pay back some of the panic premium they'd benefited from earlier in the week. The geopolitical story accounts for the brunt of the afternoon weakness , and perhaps some of the morning weakness. Even then, the economic data was unequivocally stronger. Jobless Claims continue hovering around territory they haven't hovered around since before the crisis...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Mortgage Rates Sharply Higher to End The Week
by Matthew Graham
17 Apr 2014 at 11:38am

Posted To: Mortgage Rate Watch

Mortgage rates moved sharply higher today on a combination of factors including strong economic data, developments in Ukraine, and prevailing market momentum. That momentum risked turning negative as soon as Monday, when rates ended their impressive 7-day rally. Rather than simply turn around and head the other direction, however, rates managed to hold mostly sideways until today. Part of the resilience had to do with Geopolitical risk swelling earlier in the week. As we noted on Tuesday , such strength only lasts as long as the risk stays elevated. "When it comes to bond market rallies that draw strength from geopolitical risk, the 'catch' is that they rely on that risk staying elevated if the gains are to persist. That means the longer Ukraine goes without breaking out into civil war, the...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS MID-DAY: Bond Markets Weaker After Economic Data Prompting Negative Repri...
by Matthew Graham
17 Apr 2014 at 8:34am

Posted To: MBS Commentary

Given the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprising to see yields moving from a lower rung on the range-bound ladder to the next rung higher. This move was already a consideration yesterday as 10yr yields lifted off from the 2.60 resistance level. The next rung on the technical ladder is 2.68, which is where we're currently trading. Weakness was delivered in 3 installments this morning. The first came just before the open as overnight trading turned negative in the 7am hour. The stronger-than-expected Jobless Claims added insult to injury, beating expectations by 11k (304k vs 315k forecast). Bonds recovered somewhat only to get hit again by stronger Philly Fed data. MBS had fallen...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Homes in Foreclosure Increasingly have Positive Equity
by Jann Swanson
17 Apr 2014 at 7:38am

Posted To: MND NewsWire

Homes with serious negative equity numbers have now declined to the lowest point in at least two years RealtyTrac said today. The company, which began tracking so-called underwater properties in the first quarter of 2012, estimates that in the first quarter of 2014 9.1 million U.S. homes had loan balances at least 25 percent higher than the properties market value or a loan-to-value ratio (LTV) of 125 percent. This is 17 percent of all U.S. properties with a mortgage. In the fourth quarter of 2013 RealtyTrac said there were 9.3 million properties or 19 percent of mortgaged homes that were that seriously underwater and in the first quarter 2013 there were 10.9 million or 26 percent. The recent peak in negative equity was the second quarter of 2012, when 12.8 million U.S. residential properties...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Purchases Continue Taking Market Share; FICOs Trending Lower
by Jann Swanson
17 Apr 2014 at 6:53am

Posted To: MND NewsWire

Ellie Mae's Origination Insight Report said today that 40 percent of mortgage loans closed in March were originated for refinancing and 60 percent for home purchases. In February the split was 43/57 percent. The March figure was the lowest share for refinancing since Ellie Mae began reporting the data in late 2012. Ellie Mae gathers data from a sample representing the approximately 57 percent of all mortgage applications that pass through its management software and systems. Jonathan Corr, president and COO of Ellie Mae said, "We continue to see the resurgence of a purchase-centric market as numbers inch closer to historical levels. Purchases increased another three percentage points in March 2014 to represent 60 percent of loans, quite the difference from March 2013 when purchases represented...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


The Connection Between Financial Literacy, Millenials, and First Time Home Bu...
by Rob Chrisman
17 Apr 2014 at 6:50am

Posted To: Pipeline Press

Home affordability is not a modern problem. In Zillow's In Search of Affordability , Krishna Rao writes, "Across the United States, strong home price affordability has been recently eroded by a combination of rising home prices and mortgage rates. Some areas, particularly on the West Coast, have begun to look unaffordable compared to their historic norms, forcing some household to look to the periphery of urban areas in search of affordable homes." Zillow measures affordability by looking at how much of a person's monthly income is spent on a mortgage payment. Historically in the United States, the median household would need to spend 22.1 percent of their income to afford the mortgage payments on the median home. This number fell dramatically during the housing recession, hitting a low of...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS Day Ahead: Biggest Economic Data of the Week; Bond Markets Close at 2pm
by Matthew Graham
17 Apr 2014 at 4:51am

Posted To: MBS Commentary

At the beginning of the week, we discussed the shared fate between stocks and bonds, noting that they'd been exceptionally well-connected of late and that both were approaching the later phases of a move lower (in price for stocks, and in yield for bonds). From a technical standpoint, both sides of the market have indeed ended the previous move, but now can't seem to agree on the next move. Stocks' vote is to move back in the other direction while bonds have been flat so far this week. Additionally, 2.66 has emerged as an important short term ceiling for 10yr yields--at least as important as anything can be on a 3.5 day week without any watershed market movers. For now, it acts as the line of demarcation between "sideways" and "heading higher again with stocks."...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS RECAP: Sharply Sideways Day for Bond Markets
by Matthew Graham
16 Apr 2014 at 12:17pm

Posted To: MBS Commentary

As of the 3pm Treasury pit close (the unofficial end of the day for bond markets), little, if anything has changed from this morning. Despite having a wide variety of potential market movers in play, bond markets instead saw a session that would be hard pressed to be more uneventful. Treasuries were slightly weaker in the overnight session with yields pushed higher by a generally improving risk tone. This may have had something to do with stronger Chinese GDP, but even without it, there was still some 'unwinding' to do from yesterday's Ukraine- inspired flight-to-safety. When we see such flights, bond markets are preemptively moving into stronger territory on the chance that geopolitical tensions continue escalating rapidly. If geopolitical tensions to anything else, bonds lose...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Mortgage Rates Slightly Higher, but Remain Near Recent Lows
by Matthew Graham
16 Apr 2014 at 10:43am

Posted To: Mortgage Rate Watch

Mortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike in demand for fixed income securities like Treasuries and the mortgage-backed-securities (MBS) that most directly influence mortgage rates. Higher demand means lower rates. As we saw yesterday, that spike in demand led to moderate improvements in rates, but had already started fading by the end of the day. This morning simply continued in that same vein, resulting in higher mortgage rates. That said, the weakness has been merely moderate . Weaker housing data helped to prevent further bond market weakness (bonds tend to improve when economic data is weaker than expected). The most prevalently quoted conforming...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


No Big Spring Bounce for Housing Starts
by Jann Swanson
16 Apr 2014 at 9:10am

Posted To: MND NewsWire

Two of the three measures of residential construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and fewer homes reached completion than in February while housing starts rose slightly. The Bureau and the U.S. Department of Housing and Urban Development report that residential building permits were issued in March at a seasonally adjusted annual rate of 990,000 units. This is 2.4 percent below the revised February rate of 1,014,000 units and 11.2 percent higher than the rate of 890,000 units issued in March 2013. Permits for single family houses were issued at a rate of 592,000, 0.5 percent above the February estimate of 589,000. Permits for construction of units in buildings with five or more units were at the rate of 370,000 units compared to 402,000...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS MID-DAY: Grinding Back Toward Unchanged Amid Lack of Inspiration
by Matthew Graham
16 Apr 2014 at 9:03am

Posted To: MBS Commentary

Bond markets started the day in weaker territory after stronger economic data out of China and follow-through on yesterday's bounce (bonds had rallied on Ukraine headlines and bounced back toward weaker levels when the headlines dried up). This morning's domestic economic also helped. MBS and Treasuries improved modestly after weaker-than-expected Existing Home Sales. Shortly thereafter, stronger Industrial Production numbers made for a quick jolt to the weakest levels of the day for Treasuries, but they've since come right back to their strongest levels. MBS are outperforming , now only a tick away from unchanged in Fannie 4.0s (104-14), but still 3 ticks off in Fannie 3.5s (101-07). Despite a wide variety of potential market movers today, bond markets haven't really done anything...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Business vs Consumer Purposes; Wells and Chase Numbers Reflect Industry Trends
by Rob Chrisman
16 Apr 2014 at 7:07am

Posted To: Pipeline Press

What happened yesterday? Donald Rumsfeld (remember him?) sent his annual letter to the IRS , telling the agency that, because of the complexity of the tax code, he has no idea if he paid his taxes correctly. AmeriSave Wholesale & Correspondent Lending is looking for a few good men and women! AmeriSave is recruiting AEs for its West, East and Midwest Regions. "At AmeriSave, we support local lending. We pair technological innovation with sensible risk management in mortgage lending in order to provide wholesale and correspondent lending to mortgage bankers, mortgage brokers, community banks and credit unions. Add to this formula integrity, efficiency, competitive rates and excellent customer service, the mortgage experience becomes our motto: Safe. Simple. Mortgages. Our technological innovations...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS Day Ahead: Wide Variety of Potential Motivations and a Retracement Primer
by Matthew Graham
16 Apr 2014 at 6:23am

Posted To: MBS Commentary

With the resurgence of geopolitical risk as a market mover yesterday (Ukraine headlines caused a big mid-day bond rally), there will be a wide variety of potential inspiration for the next move. On the list are: Economic Data Fed Speakers Fed Data (Beige Book) Technical Trading Headline Risk (more Ukraine?) Calendar effect (today is the last full day of the week) As far as the economic data is concerned, today's offerings are 2nd tier when compared to the likes of NFP and ISM data, but can certainly move markets . These include Housing Starts at 830am and Industrial Production at 915am. Housing starts fell back to 'plateau' levels in the last two reports, but are now forecast to shake off the ostensible weather-related distortions and move back toward an annualized pace of 1 million units....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Surge in Federal Home Loan Bank Borrowing by 4 Biggest Banks
by Jann Swanson
16 Apr 2014 at 6:20am

Posted To: MND NewsWire

Use of secured loans or advances from the 12 Federal Home Loan Banks (FHLBanks) by their four largest members has surged over the last two years. The primary mission of the FHLBanks is to support housing finance and they do so by providing advances to their 7,500 member institutions which include banks, thrifts, credit unions, and insurance companies. By law the members can use these advances to originate mortgages or for other purposes. Use of these advances had declined by about 62 percent from a 2008 peak of about $1 trillion to $381 billion in March 2012. Then advances began to increase, reaching $500 billion by December 2013. The growth was driven primarily by a 158 percent increase in advances to JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo to a group total of $135.11...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Newsfeed display by CaRP
Site Map Contact Us Privacy Policy Refinancing Quotes, Rates Personal Finance Money, Financing

Gucci Handbags,Gucci Belt,Gucci Watches
Baby Gift , Christmas Gift Ideas , Wedding Gift