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Annual Percentage Rate Below Interest Rate on ARM?
May 5, 2003 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below the interest rate. Is this lender making a mistake ... more...

Interest Rate Above APR on Adjustable Rate Mortgage?
May 5, 2003, revised April 8, 2004 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below ... more...

mortgage calculation related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

More about mortgage calculation

Get Free mortgage calculation Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Flexible Mortgage Tips
Outlined below are some useful flexible mortgage tips. The most prominent addition in recent years to the mortgage industry has been the flexible mortgage. As the name implies, it offers greater flexibility than the traditional mortgage.Flexible mortgages are fast becoming the most popular way of ... more...

What Does Your Credit Score Tell You?
When you apply for a loan or a mortgage, the first thing the lender does is to check your credit score. Based on your credit score, the lender decides the amount of finance you are eligible for and the interest rate at which you will be charged. So what is this credit score and how does it ... more...

Free Mortgage Calculator - Use It To Attract Return Visitors To Your Site
Whether you have a payday loan site, a mortgage website, or a realty site, consider posting a free mortgage or loan calculator on your website. Often visitors will use your calculator and then bookmark the page and come back to it any time they need to do a calculation. This can get visitors to ... more...

Income Multiples Are Dead!
Income multiples in the mortgage market are coming to an end which is good news for borrowers.Usually, you will go to a mortgage broker who will search the mortgage market for the best deal for you and your particular circumstances. They will then work out what you can borrow, which is usually ... more...

Mortgages for Dummies: Understand and Fix Your FICO Score
FICO stands for Fair Issac and Company; they are a credit agency many lenders use when reviewing your credit. If you have a poor credit rating, these are the people that have designated it as poor.Fair Issac and Company are not required by law to disclose how they calculate your FICO score; ... more...

Is the New Millennium Method Really $1.204,000 Better then a Bi-Weekly Mortgage
This Article will compare and Contrast the Old-School Bi-Weekly Mortgage Method with the New Millennium Invest the Difference Method. Can The New Millennium Method really result in over $1,200,000 more money in your Retirement Account.A Bi-Weekly Mortgage is a Craze that has been Sweeping the ... more...

13 Extra Costs to be Aware of Before Buying a Home
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial ... more...

Buying a House? How Much Home Can You Afford?
Maybe youve heard the expert advice that your debt to income ratio shouldnt be more than 36 percent of your total income. But do you truly know what that means, and how lenders will look at your financial history in order to decide whether or not to extend you a mortgage? If you need help ... more...

Flexible Mortgage Guide
Here is a useful flexible mortgage guide. Flexible mortgages are loans which allow you to increase or decrease the size of your repayments within certain limits. This type of mortgage is relatively new.Flexible mortgages come in all shapes and sizes. The most basic flexible mortgage runs along ... more...

Mortgage Calcutator Software
Many U.S. citizens dreaming of owning a house of their own are initially apprehensive about the elaborate and complicated procedure involved in making a purchase through mortgage. Such people are further worried about the intricate calculations involved in the process of repayment of loans ... more...