Posted by admin | Under Fixed Rate Mortgage
Thursday Oct 9, 2008
http://www.TeachExcel.com
This video tutorial will show you how to make a fixed rate loan or mortgage calculator in excel. It is actually quite easy to do and after watching this step-by-step example and walk-through, you will be able to make your own also. This tutorial uses the PMT() function to calculate the required payments and it is also explained in the tutorial.
To follow along with the spreadsheet seen in the tutorial or to get some free excel macros or tips & tricks, go to the website:
http://www.TeachExcel.com
Duration : 0:7:24
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Technorati Tags: calculator, excel, formula, function, how, interest, Loan, Mortgage, payments, pmt(), rates, to, tutorial
Posted by admin | Under Home Loan
Tuesday Sep 9, 2008
Learn how finding a good mortgage broker can determine how much house you can afford in this video on buying a home.
Duration : 0:1:34
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Technorati Tags: afford, affordability, bank, buy, buying, Cash, cost, credit, down, Estate, Home, house, income, interest, Loans, Market, money, Mortgage, only, payment, price, Real, taxes, tips, video
Posted by admin | Under Mortgage Rates
Thursday Aug 21, 2008
http://www.selling.mn Patti Mazzara-Vice President of Venture Development and John Mazzara-President of Minnesota’s Premier mortgage broker will discuss various aspects of Minnesota mortgages, mortgage programs, and the mortgage process. Visit our website to learn about loans, mortgage rates, and mortgage calculators. Learn about the Twin Cities real estate and twin cities mortgage market http://www.ventureloanapp.com
Duration : 0:4:30
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Technorati Tags: apple, application, arm, bloomington, broker, buyer, calculator, chanhassen, chaska, cities, credit, eagan, eden, Estate, first, fixed, grove, hope, hopkins, interest, lake, louis, maple, minneapolis, minnesota, minnetonka, Mortgage, new, option, park, Paul, plymouth, prairie, rate, Real, robbinsdale, scores, st, time, tradelines, twin, valley
Posted by admin | Under Mortgage Refinance
Thursday Aug 21, 2008
http://www.chapter13banker.com Solutions for individuals facing or in chapter 13 bankruptcy, foreclosure, short-sale, FHA Loans, mortgage financing, loans, real estate. Information about Foreclosures Houses For Sale Home sale and how to obtain mortgage loans when you are in bankruptcy or out of chapter 13 bankruptcy. Refinancing at low interest rates, without loan shark fees and without any advance fees.
Duration : 0:0:46
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Technorati Tags: "low, 13, bad, buying, chapter, credit, debt, Foreclosure, houses, interest, investments, Loans, Mortgage, refinancing, Sales, Short
Posted by admin | Under Mortgage Rates
Wednesday Aug 20, 2008
Check out our video that tries to explain why your mortgage rate hasn’t gone down even though the Fed has cut rates 3.0% since September 2007.
Duration : 0:5:47
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Technorati Tags: buyers, cuts, fed, Home, interest, Mortgage, rate, rates, Refinance
Posted by admin | Under Mortgage Rates
Wednesday Aug 20, 2008
The Federal Reserve decided to cut the fed’s interest rate - but will it really help the struggling housing market? Will mortgage rates drop? Fox News’ Neil Cavuto interviews mortgage expert Chip Cummings about the effect, and if this will help homeowners or the real estate market.
Duration : 0:3:28
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Technorati Tags: analysis, cavuto, Chip, commentary, Cummings, Estate, federal, fox, housing, interest, Mortgage, neil, news, rates, Real, reserve
Posted by admin | Under Mortgage Rates
Tuesday Aug 19, 2008
Here is some really good advice on obtaining the best mortgage rates on a consistent basis.
www.PlanAMortgage.com
Duration : 0:1:31
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Technorati Tags: "low, best, buy, Estate, fee, guarantee, Home, interest, Loan, Mortgage, price, rate, Real, sell
Posted by admin | Under FHA Secure
Sunday Aug 17, 2008
Mortgage expert talks about current mortgage interest rates and trends, foreclosures, FHA Secure, housing numbers, Senator McCain’s new Home Plan and marketing strategies for loan officers and real estate agents in this weeks episode of Mortgage Power Network!
Duration : 0:9:11
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Technorati Tags: Chip, commentary, Cummings, Estate, FHA, Foreclosure, housing, interest, marketing, mccain, Mortgage, news, rates, Real, secure
Posted by admin | Under Mortgage Rates
Friday Aug 15, 2008
Weekly mortgage news and information for loan officers, real estate agents, mortgage brokers and consumers. Chip Cummings provides highlights on interest rates, HUD Secretary resignation, home values and real estate pricing trends. The Mortgage Minute, sponsored by Mortgage Power Network
Duration : 0:8:29
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Technorati Tags: analysis, Chip, commentary, Cummings, Estate, federal, Foreclosures, HUD, interest, Mortgage, news, rates, Real, reserve
Posted by admin | Under Fixed Rate Mortgage
Friday Aug 15, 2008
(Best Syndication) This video will explain various mortgage options including a fixed rate mortgage (sometimes called a FRM), an adjustable rate mortgage (sometimes referred to as an ARM), and interest only loans. Although fixed rate mortgages are usually more desirable, there are instances when customers may want to choose either an adjustable rate mortgage or even an interest only loan.
The interest rate of a fixed rate mortgage remains constant throughout the loan term. Payments are fixed and will not vary, and this amount is independent of the additional costs on a home including as property taxes and property insurance. Some lenders may require an impound account for both taxes and insurance. This benefits the lender by ensuring that these required payments are made.
If there is very little money down, the lender may require an impound account. But impound accounts can confuse the borrower who is not sure if those payments were actually made. In some instances they may continue to be billed by the county assessor and / or the insurance company.
Adjustable Rate Mortgages have become very popular lately. They are characterized by low initial payments which make it easier for the borrower to qualify. This allows borrowers to qualify and purchase larger homes.
The payments may be adjusted periodically with the interest rate tied to an index. Common indexes include the 11th District Cost of Funds Index (COFI), London Interbank Offered Rate (LIBOR), 12-month Treasury Average Index (MTA), Constant Maturity Treasury (CMT), National Average Contract Mortgage Rate, or the Bank Bill Swap Rate (BBSW).
Adjustable rate mortgages are usually easier to qualify for because the lender is protected from spikes in interest rates. But lenders and investors need to consider the default rates due to hybrid adjustable rate mortgages which offer an initial low payment period. After that period the loan payments are adjusted upward and may even double leading to defaults and foreclosures.
But what do the numbers mean in Hybrid mortgages? A 3/1 ARM means the payment is fixed for a 3-year period and a subsequent 1 year adjustment period. After a specified “reset date” the loan is free to adjust or “float” to the index specified in the loan documents.
When interest rates are high borrowers may prefer an adjustable rate loan. If a borrower feels that he or she may sell their home within five or maybe ten years, they may consider either an adjustable rate mortgage or an Interest Only Loan. If property values increase in that period the home buyer benefits because they invested less money compared to a standard Fixed Rate Mortgage.
Borrowers with Interest Only Loans pay only the interest for a specified period of time. Unlike Adjustable and Fixed Rate Mortgages, no principal is paid on the loan. At the end of interest only period the loan may convert to a regular amortized loan or a balloon payment may become due. The terms are spelled out in the loan agreement.
In the United States a five or ten year interest-only period is typical. After that time the loan usually converts to a regular amortized loan for the remaining term. For instance, a homebuyer may pay interest only for 10 years but then pays both interest and principle for the remaining 20 years of a 30-year loan.
Adjustable rate and interest only mortgages can help buyers qualify for larger loans and homes. There is a risk to both the borrower and note holder when the loan either resets or converts to a regular amortized loan. For this reason lenders will usually require a higher interest rate on these types of loans.
Homeownership offers many advantages when compared to renting. This presentation was not meant to be advice. Always consider all of your options and talk to loan and / or real estate professionals before making your decision.
Duration : 0:5:37
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Technorati Tags: adjustable, are, compare, definitions, differences, explains, fixed, how, interest, Loan, mortgages, only, rates, the, to, video, what
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