Rocket Mortgage #calculate #my #mortgage


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Quicken Loans received the highest numerical score in the proprietary J.D. Power 2010-2015 Primary Mortgage Origination and 2014-2015 Primary Mortgage Servicer Studies . 2015 Origination (or Sales) based on 4,666 total responses and measures experiences and perceptions of consumers who originated a new mortgage, surveyed in July-August 2015. 2015 Servicing based on 5,922 total responses and measures experiences and perceptions of consumers with their current mortgage servicer, surveyed in March-April 2015. Your experiences may vary. Visit JDPower.com .

Quicken Loans, 1050 Woodward Avenue, Detroit, MI 48226-1906.

NMLS #3030. Go here for the Quicken Loans NMLS access page .

2000-2016 Quicken Loans Inc. All rights reserved. Lending services provided by Quicken Loans Inc. a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc. used under license.


Lloyds Bank – Mortgages – Mortgage Deals For First Time Buyers #mortgage #insurance


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First time buyer mortgages

5. Your interview with a mortgage adviser

Average time: 2 hours

If you are applying with someone else, make sure you are both available as this will save time. In preparation for your interview you ll need to:

  • Prepare the documents you ll need such as payslips, bank statements, details of any financial commitments or bonus, and proof of your identity
  • Bring details of the property you want to buy

At the interview your Mortgage Adviser will:

  • Complete background checks with a Credit Reference Agency
  • Talk to you about valuation schemes
  • Review your income and commitments
  • Review your needs and circumstances and recommend our most suitable mortgage for you
  • Give you an Illustration, which sets out the terms of the mortgage product and the total cost of the loan.

In Scotland sellers must provide a Home Report which includes survey, Energy Performance Certificate and Property Questionnaire.

When all this is done and if everything is ok, we ll write to make you a mortgage offer.

6. You ll need a Solicitor or Licensed Conveyancer

Average time: 2-3 months

The legal side of buying or selling a property can be carried out by either a solicitor or licensed conveyancer , for simplicity we refer to both of these as conveyancer . They will check who owns the property you want to buy, what s included in the sale, and whether there are any clauses in the property s deeds you or your lender need to be aware of. In Scotland your solicitor will also put in your offer to buy the property and negotiate for you.

You ll need to:

  • Get an estimate from them of costs, including any legal fees and tax
  • Ask your conveyancer to explain anything in your Mortgage Offer you don t understand
  • Ask your conveyancer to confirm any Stamp Duty charge payable
  • Tell your conveyancer if you have negotiated for any items such as curtains, carpets or kitchen appliances to be included in the sale
  • Make sure you read any documents your conveyancer sends you very carefully.
  • You and the seller, known as the vendor
  • Seller s estate agent
  • Your conveyancer and the seller s conveyancer
  • Your lender.

You can appoint your own conveyancer, or your mortgage adviser can help arrange this during your mortgage appointment using the Lloyds Conveyancing Service .

The Lloyds Conveyancing Service is a comparison tool that gives you quotes, covering all known legal costs, from our approved panel of over 200 conveyancing professionals. You can review the quotes and choose a conveyancer based on what matters to you – the price, the firm’s location or their service rating.

All conveyancers instructed through the Lloyds Conveyancing Service offer a ‘no completion, no legal fee’ guarantee, so you’ll have nothing to pay for the legal work done if the purchase falls through. No legal fee is payable, however if the conveyancer has made payments to third parties on your behalf, such as fees for searches, these will still be payable.

Using the Lloyds Conveyancing Service isn t a requirement of applying for a mortgage with us and inclusion of a firm on our eConveyancing panel does not constitute a recommendation or endorsement of that firm by Lloyds Bank.

7. You’re about to exchange contracts

Average time: Usually takes place in one day.

When you have read all the documents your conveyancer will ask you if you are happy to proceed with the purchase. They will then ask you to sign the contract. When everyone is ready contracts will be exchanged, usually by phone, to form a binding legal agreement to buy and sell.

You ll need to:

  • Make sure you have given your conveyancer the money they will need to pay as a deposit on exchange of contracts
  • Sign the contract sent to you by your conveyancer (In Scotland, you exchange ‘missives’ which are letters of exchange with the sellers conveyancer)
  • Give your conveyancer a date on which you wish to complete the process
  • Make sure you have buildings insurance.
  • Your conveyancer and the seller s conveyancer
  • Once you ve exchanged contracts (In Scotland concluded missives) you can start to make arrangements for moving.

8. Pick up the keys to your new home!

After exchange your conveyancer will ask you to sign the mortgage deed and the document to transfer your new home to you. They will also apply to us for the mortgage money and ask you for any balance they need to complete your purchase.

Your conveyancer will call you to confirm the legal process is complete. You can then pick up the keys to your new home.

Congratulations! You now own your first home.


Home mortgage #mortgage #rates


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U.S. Bank Mortgage Customers

We’re here to serve you.

Customer service is our first priority. As a U.S. Bank mortgage customer, you can access your account online, see current rates and learn more about the mortgage products we have to offer.

Manage My Mortgage Account

Log in to your account to view your statements, pay your mortgage online and manage your account options.

Interested in Refinancing?

Refinancing your current mortgage could result in a lower interest rate, a reduction in loan term or cash at closing. It s also an opportunity to switch to a different type of mortgage. Learn more at Refinance Your Home .

Purchase a Home

Thinking about purchasing a new home, a vacation home or investment property. We have a number of mortgage products for you to consider.

Making Home Affordable

The Making Home Affordable program allows eligible borrowers to refinance or modify their mortgage loans, resulting in more affordable payments. U.S. Bank Home Mortgage is participating in the program and fully supports efforts to help families to lower monthly mortgage payments and/or to avoid foreclosure and remain in their homes.

Resources for Existing Customers

Notices of Error and Requests for Information

Borrowers have certain rights under Federal law related to resolving errors and requesting information about their mortgage account. Notices of Error and Requests For Information must be directed to U.S. Bank, Attention: Escalation Center, P.O. Box #21977, Eagan, MN 55121. Your submission must be in writing and include the name of each borrower, the loan number and a description of the error you believe has occurred OR a request for specific information regarding your mortgage loan.


First Time Mortgage Ontario First Time Buyers Mortgage #boa #mortgage


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First Time Mortgage

First Time Buyers Mortgage

If you a first time home buyer, you will want to get pre-approved for a first time buyers mortgage before you start looking at homes. A pre-approval is a must in the fast pace real estate market in Ontario. A mortgage pre-approval will determine the maximum amount you will be approved for. It will also hold the interest rate for you while you shop, insuring that you receive the best mortgage rates possible when it comes time to make your offer.

Mortgage Alliance pre-approvals generally take 2 business hours to complete. To ensure that you receive the best mortgage rates Apply Online or Contact me today.

Down Payment for First Time Mortgage
You will need a down payment for your first time mortgage and Claire can help you look at your options and requirements. If you are taking advantage of the Home Buyers Plan through Revenue Canada to utilize your RRSP, you should make sure that you have notified your financial advisor about your plans to purchase. You will then be required to fill out a T1036 form from Revenue Canada. Your financial advisor or tax office can supply you with this form. Receipt of your funds may take some time so it is important that you request your funds early on in your home buying process.

If your down payment is coming in the form of a Gift , you will be required to supply proof in the form of a letter that states who is gifting you the money, what it will be used for, and also that Click here for a copy of a gift letter we commonly use.

If it is coming from a savings account, you will need to provide me with 90 days history in the form of bank statements. If you are using online banking to print forms, make sure your name is clearly visable, proving that you are the owner of that account. Additionally, be prepared to explain any larger deposits and possibly provide proof. This is to weed out borrowed funds or funds from illegal sources. For further information about
Land transfer tax Toronto. see our land transfer tax Toronto page.

Homebuyer 95 Mortgage Insurance Program

The Genworth Homebuyer 95 program offers qualified Canadians an opportunity to own a home with as little as 5% down payment or refinance their existing home up to 95% LTV.
Acceptable loan purpose

* Purchase transactions
* Refinance

Loan-to-value ratio limits

* 1 – 2 units: 95% LTV
* 3 – 4 units: 90% LTV

Maximum Loan Amounts

* Maximum 4 units
* New construction or existing properties
* Property must meet the following criteria (3 4 units):
o Municipal zoning
o Fully self-contained units
o Remaining property (economic) life must equal or exceed the amortization of the loan
o Must be located in a major centre with a viable investor market

Terms/qualifying interest rates

* Fixed, standard variable, capped variable and adjustable rate mortgages are permitted
* For terms less than three years, the qualifying interest rate is the greater of three-year posted rate or contract rate
* For terms of three years or more, we use the contract rate

* LTV 80%: Up to 35 years
* LTV 80%: Up to 40 years


Mortgage Deed – Free Legal Form #compare #mortgages


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This Mortgage is given by ________________________________, hereinafter called Borrower, of ____________________________ to ________________________________, hereinafter called Lender, which term includes any holder of this Mortgage, to secure the payment of the PRINCIPAL SUM of $________________ together with interest thereon computed on the outstanding balance, all as provided in a Note having the same date as this Mortgage, and also to secure the performance of all the terms, covenants, agreements, conditions and extensions of the Note and this Mortgage.

In consideration of the loan made by Lender to Borrower and for the purpose expressed above, the Borrower does hereby grant and convey to Lender, with MORTGAGE COVENANTS, the land with the buildings situated thereon and all the improvements and fixtures now and hereafter a part thereof, being more particularly described in Exhibit A attached hereto and made a part hereof and having a street address of:

(Attach Property Description)

Borrower further covenants and agrees that:

1. No superior mortgage or the note secured by it will be modified without the consent of Lender hereunder.

2. Borrower will make with each periodic payment due under the Note secured by this Mortgage a payment sufficient to provide a fund from which the real estate taxes, betterment assessments and other municipal charges which can become a lien against the mortgaged premises can be paid by Lender when due. This provision shall be effective only in the event that a fund for the same purpose is not required to be established by the holder of a senior mortgage.

3. In the event that Borrower fails to carry out the covenants and agreements set forth herein, the Lender may do and pay for whatever is necessary to protect the value of and the Lender’s rights in the mortgaged property and any amounts so paid shall be added to the Principal Sum due the Lender hereunder.

4. As additional security hereunder, Borrower hereby assigns to Lender, Borrower’s rents of the mortgaged property, and upon default the same may be collected without the necessity of making entry upon the mortgaged premises.

5. In the event that any condition of this Mortgage or any senior mortgage shall be in default for fifteen (15) days, the entire debt shall become immediately due and payable at the option of the Lender. Lender shall be entitled to collect all costs and expenses, including reasonable attorney’s fees incurred.

6. In the event that the Borrower transfers ownership (either legal or equitable) or any security interest in the mortgaged property, whether voluntarily or involuntarily, the Lender may at its option declare the entire debt due and payable.

7. This Mortgage is also security for all other direct and contingent liabilities of the Borrower to Lender which are due or become due and whether now existing or hereafter contracted.

8. Borrower shall maintain adequate insurance on the property in amounts and form of coverage acceptable to Lender and the Lender shall be a named insured as its interest may appear.

9. Borrower shall not commit waste or permit others to commit actual, permissive or constructive waste on the property.

10. Borrower further covenants and warrants to Lender that Borrower is indefeasibly seized of said land in fee simple; that Borrower has lawful authority to mortgage said land and that said land is free and clear of all encumbrances except as may be expressly contained herein.

This Mortgage is upon the STATUTORY CONDITION and the other conditions set forth herein, for breach of which Lender shall have the STATUTORY POWER OF SALE to the extent existing under State law.

Executed under seal this _____ day of _________________, 20_____.

________________________________
[Signature of Borrower]

________________________________
[Printed or Typed Name of Borrower]

________________________________
[Signature of Lender]

________________________________
[Printed or Typed Name of Lender]

________________________________
[Signature of Witness #1]

________________________________
[Printed or Typed Name of Witness #1]

________________________________
[Signature of Witness #2]

________________________________
[Printed or Typed Name of Witness #2]

STATE OF _______________________
COUNTY OF _______________________

On________________________________ me, ________________________________, personally appeared ________________________________, ________________________________, ________________________________, and ________________________________ personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

WITNESS my hand and official seal.

Affiant: ____ Known ____ Unknown

ID Produced: _____________________


Mortgage forms #mortgage #calculator #with #taxes


#mortgage forms

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Forms

What is e/Forms?

e/Forms is a program which includes most B2B Bank forms from the web. It allows users to fill in the blanks electronically with smart links to leading contact and client management software. The program allows common client profile information such as name, address, DOB and SIN to be imported directly to any pre-selected form. Dealer and representative information is also imported. e/Forms is a faster and electronic alternative to completing forms.

Click here to download the setup file for e/Forms. To install the e/Forms program on your system, simply run the setup file you have downloaded. Using e/Forms for the first time and need help? Click here .

Please note, to be able to read and print particular forms, your system requires Adobe Acrobat ReaderTM 7.0 or greater. To download the latest version of this software, Click here .

Additional software requirements may be needed to download your clients’ profile information. Contact software support includes ACT. Axis, Broker’s Ally Version 7, CCB, Goldmine, Investment Gold, Maximizer Version 5.0, Microsoft Outlook 98, Power Rep Version 200bc0, and Winfund FrontOffice.

For more information, please contact ScanTech technical support at 1.866.709.9666 .

Upgrade available for B2B Bank e/Forms users
B2B Bank e/Forms users have the option available to upgrade to the full version of e/Forms financial software. This is good news for the financial advisor! Currently, your version of e/Forms contains only the B2B Bank forms. The full version contains all B2B Bank forms, plus over 700 industry standard forms from 68 Mutual Fund Companies.

For forms related to Investment Accounts and Services, please visit the B2B Bank Dealer Services website.


Mortgage Refinance Calculator – Should I Refinance #residential #mortgage


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MORTGAGE REFINANCE CALCULATOR

What does this possibly mean for me?

Based on the information you provided, the amount above can give you an idea of the estimated monthly reduction in your payment you could achieve by refinancing your existing mortgage at the terms you selected. It’s important to consider upfront closing costs on your new loan, and the time it will take to recoup those costs. Note that some of the reduction in payments may reflect extending the due date on your loan rather than a lower interest rate. If your refinance is at a lower rate than the previous loan, you may save money if you continue making the same or higher payments. If you lower your payments too, however, you may pay higher total interest even though your rate is lower, because the debt is extended over a longer period.

You selected an adjustable rate mortgage or ARM. The amount above can give you an idea of the estimated monthly reduction in your mortgage payment you could achieve during the initial, fixed rate portion of your loan period* by refinancing your existing mortgage at the terms you selected. It’s important to consider upfront closing costs on your new loan, and the time it will take to recoup those costs. In addition, you may want to discuss with a Discover mortgage banker any potential effects of changing from extending the term of your loan(s). Note that some of the reduction in payments may reflect extending the due date on your loan rather than a lower interest rate.

Call our helpful mortgage bankers at 1-888-866-1212 to start the conversation about whether refinancing is right for you.

* For example, for a 5/1 ARM, the fixed rate period is 5 years, or 60 months. After the fixed rate period, your payment may change based on the change in the index used to calculate your interest rate.

MORTGAGE REFINANCE CALCULATOR

Sorry! We re unable to calculate your result.


Florida Mortgage Forms, Contracts And Deeds #mortgage #tables


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Florida Mortgage Forms

Mortgage Forms FAQ

A mortgage is a pledge of real property to a creditor as security for the repayment of a debt involving the property. For example, if you have borrowed money to purchase a house, the entity you’ve borrowed the money from can take ownership of the home should you default on payments. The promissory note executed along with the mortgage creates an obligation to repay the debt. The statute of frauds requires that a mortgage must be in writing. Mortgages must be registered with the County Recorder or Recorder of Deeds. There is no specific form for mortgages. Mortgages may even be handwritten.

What types of mortgages are there?

There are many types of mortgages used worldwide. Mortgages vary in interest rates, terms, payment amount, payment frequency, and prepayment penalties. All of these may be subject to local regulation and legal requirements. Mortgages are offered by banks, building societies, insurers, financial advisers, and estate agents.

What is a second mortgage?

A second mortgage is a mortgage made subsequent to another mortgage and subordinate to the first one. Second mortgage loans are different from first mortgages in several ways. They often carry a higher interest rate, and they usually are for a shorter time, 15 years or less. In addition, they may require a large single payment at the end of the term, commonly known as a balloon payment. Second mortgages can use the equity you have in your house as the basis upon which a lender loans you money or lend you money over and above the value of your house.

Need help finding your Mortgage form for Florida?


Common Mortgage and Tax Forms #conventional #mortgage


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Common Forms

Equal Housing Opportunity © 2008-2016 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818- 224-7442. NMLS ID # 35953 (NMLS Consumer Access ). Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates.

Arizona Mortgage Banker License # 0911088. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Colorado: Regulated by the Division of Real Estate. Colorado office: 700 17th St, Suite 200, Denver, CO 80202, (866) 436-4766. Georgia Residential Mortgage Licensee #33027. Illinois Residential Mortgage Licensee # MB.6760595. Massachusetts Mortgage Lender License # ML35953. Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. §47.206 (3) (4). Licensed by the New Hampshire Banking Department. Licensed by the N.J. Department of Banking and Insurance. North Carolina Permit No. 104753, 112228. Rhode Island Lender License # 20092600LL. Washington Consumer Loan License # CL-35953. For a complete listing of state licenses and important notices, please click here. Loans not available in New York. Some products may not be available in all states. Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions apply. All rights reserved.


What Is an Islamic Mortgage or No Riba Mortgage? #mortgage #rates #jumbo


#islamic mortgage

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Islamic Mortgage

By Huda. Islam Expert

Updated July 21, 2016.

Many Muslims, especially those living in non-Muslim countries, give up on the idea of ever owning their own home. Many families choose to rent for the long-term rather than participate in a bank loan which involves the taking or paying of interest. In recent years, however, the market has opened up to Islamic, or no riba . mortgage offerings which are compliant with Islamic law .

What Does Islamic Law Say?

The Qur an is very clear about the prohibition against usury-based business transactions (riba ):

Continue Reading Below

Those who devour usury cannot stand. That is because they say, trade is only like usury; yet Allah has allowed trade and forbidden usury. Allah does not bless usury, and He causes charitable deeds to prosper, and Allah does not love any ungrateful sinner. Oh you who believe! Be careful of your duty to Allah and relinquish what remains due from usury, if you are believers. If the debtor is in difficulty, grant him time until it is easy for him to repay. But if you remit it by way of charity, that is best for you if you only knew. Qur an 2:275-280

O you who believe! Do not devour usury, making it double and redouble, and be careful of (your duty to) Allah, that you may be successful. Qur an 3:130

In addition, the Prophet Muhammad is said to have cursed the consumer of interest, the one who pays it to others, the witnesses to such a contract, and the one who records it in writing.

The Islamic judicial system is committed to fairness and equity among all parties. The fundamental belief is that interest-based transactions are inherently unfair, giving a guaranteed return to the lender without any guarantees for the borrower.

Continue Reading Below

The basic principle of Islamic banking is the sharing of risk, with shared responsibility for profit and loss.

What Are the Islamic Alternatives?

Modern banks usually offer Islamic financing of two main types: murabahah (cost plus) or ijarah (leasing).

Murabahah: In this type of transaction, the bank purchases the property and then re-sells it to the buyer at a fixed profit. The property is registered in the buyer s name from the beginning, and the buyer makes installment payments to the bank. All costs are fixed at the time of the contract, with the agreement of both parties, so no late payment penalties are permitted. Banks usually ask for strict collateral or a high down payment in order to protect against default.

Ijarah: This type of transaction is similar to real estate leasing or rent-to-own contracts. The bank purchases the property and retains ownership, while the buyer makes installment payments. When payments are complete, the buyer gains 100% ownership of the property.

8 Integral Rules of Business and Economics in Islam