Welcome to Mortgage Guide
American Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Fun with Mortgage Calculators
from:Dreaming of buying a home now that the prices have dropped? Why not have a little fun with some online mortgage calculators? They help you to dream in a realistic way by giving you the hard facts about the numbers involved in your home mortgage dreams. There are a number of online mortgage calculators that can help you look at a fixed rate or a variable rate mortgage option.
Fixed Rate Mortgage Calculators
These are the simplest forms of mortgages to calculate. They come with a fixed interest payment that is for the life of the loan. You can estimated the interest payment very closely to what the present rates are on mortgage loans. You can add in the down payment that you are choosing to make to get the loan (which will have to be between 10 and 20% to qualify these days). The mortgage calculators will also ask for the term of the loan. Fifteen and 30-year loans are pretty common mortgage products, but you can now get one for 40 years too. The mortgage calculators will crunch the numbers and give you an amortized table of your payments. If you are not asked for an estimate of hazard insurance or property tax escrow payments, then the value you see might be smaller than the value you get at closing. If you want a closer estimate, be sure to find out what you hazard insurance and escrow payments might be for the house you are considering buying.
Adjustable Rate Mortgage Calculators
Years ago these mortgage calculators weren’t very common. Now, even people who are just looking to see how much more their payments will be with an adjustable rate mortgage they bought earlier might like these nice applications. The adjustable rate mortgage calculators add in additional information that can help you see how much a mortgage changes with an adjustment of the interest rate after the initial period is over. Keep in mind that the number of adjustable rate mortgage products are numerous and they all have their little intricacies. You may be able to get a reasonable picture of what happens when your mortgage rate adjusts, but it might not be suitable for the particular mortgage you choose. It might only work for one adjustment, whereas ARMs can adjust yearly at times. Always look at the good faith estimate to understand more about what your actual costs are for an adjustable rate mortgage and take a close look at the amortization table to see how your payments adjust over the years.
American Mortgage Specific links
American Mortgage News
American Capital Mortgage Investment Corp. Announces Pricing of Public ... - MarketWatch (press release)
American Capital Mortgage Investment Corp. Announces Pricing of Public ... MarketWatch (press release) BETHESDA, Md., May 24, 2012 /PRNewswire via COMTEX/ -- American Capital Mortgage Investment Corp. (NASDAQ:MTGE) ("MTGE" or the "Company") announced today that it priced a public offering of 11000000 shares of common stock for total expected gross ... American Capital Mortgage Investment Prices Stock Offering American Capital Mortgage Investment Corp. Announces Public Offering of Common ... American Capital Mortgage (MTGE) Announces 10M Common Offering |
US 30-year mortgage rate falls to record 3.78 percent - Columbus Dispatch
US 30-year mortgage rate falls to record 3.78 percent Columbus Dispatch WASHINGTON (AP) -- The average US rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer Freddie Mac said today that the rate on the 30-year ... |
One in three mortgage holders still underwater - msnbc.com (blog)
 Daily Mail | One in three mortgage holders still underwater msnbc.com (blog) Nearly 16 million homeowners owed more on their mortgages than their home was worth in the first quarter, or nearly one-third of US homeowners with mortgages. That's a $1.2 trillion hole in the collective home equity of American households. One third of mortgages are underwater and homeowners owe $1.2T more than ... More Than Half of Phoenix Mortgage Borrowers Are Underwater |
DOJ receives rare praise in financial crisis cases - Chicago Tribune
DOJ receives rare praise in financial crisis cases Chicago Tribune In December, the Justice Department reached a record $335 million settlement with failed mortgage lender Countrywide Financial Corp, now owned by Bank of America Corp, for loans made between 2004 and 2008. And last year it settled allegations that C&F ... |
Kirby McInerney LLP Investigating Potential Class Action Claims Against ... - MarketWatch (press release)
Kirby McInerney LLP Investigating Potential Class Action Claims Against ... MarketWatch (press release) NEW YORK, May 24, 2012 (GlobeNewswire via COMTEX) -- The law firm of Kirby McInerney LLP announced today that it is investigating potential class action claims against American Home Mortgage Servicing, Inc. ("American Home") in connection with a scheme ... |