Reverse, Inc #loan #calculator


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Reverse Mortgage Infographics

Retirement Income Using a Reverse Mortgage

Are you feeling unprepared financially for retirement? This infographic explains why relying solely on social security will no longer be enough and how a reverse mortgage allows you to tap into your home’s equity to turn it into usable funds. Ultimately, these funds can change your financial situation in retirement.

Reverse Mortgage Vocab Cheat Sheet

We know that there can be a lot of new and often confusing jargon when applying for a reverse mortgage, so we’ve created this vocab cheat sheet to help simplify some of the most commonly misunderstood terms.

Reverse Mortgage Process

Are considering a reverse mortgage but don’t understand where to begin? This infographic breaks down the reverse mortgage process into 7 steps that we explain in simple terms. This should get you more comfortable as you move forward with a reverse mortgage.

Misconceptions About Reverse Mortgages

According to recent research, the majority of people hold misconceptions about reverse mortgages and don’t fully understand some simple facts about them. With this infographic, you can test your knowledge and correct any misconceptions you may have.

Varying Types of Disbursement Options


Mortgage calculator canada #business #mortgage #rates


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Calculators

Calculate monthly mortgage payments with our handy mortgage payment calculator.

Rent vs Buy Analysis

Tired of paying rent? Ready to purchase a home? Our Rent vs Buy calculator can help you determine the decision that’s right for you.

Maximum Mortgage Calculator

Determine the maximum mortgage you can qualify for with our simple maximum mortgage calculator resource.

Mortgage Variable Isolator

See what kind of effects different financial and mortgage factors can have on a single, isolated variable.

Mortgage Principal Calculator

It’s good to understand how your future looks like. Using this tool, you can determine the remaining balance of your mortgage after several of your regular mortgage payments.

Mortgage Length Calculator

What would your overall savings look like if you shortened the length of your mortgage by making larger payments? Take a look with our Mortgage Length Calculator.

Additional Payments Calculator

By putting more money towards you mortgage payments, you will see your mortgage reduced. Use this to calculate how mortgage prepayments affect your overall mortgage.

Loan Comparison Calculator

Compare and contrast your different loan options and figure out which one is the better deal.

Payment per Thousand Financed Calculator

You borrow money for a mortgage loan, but how much are you actually paying for every $1000 of your loan? Determine that here.

Interest Only Calculator

Want to see how interest only payments look like? Then use this calculator.

Interest only with Additional Payments Calculator

Interest only payments can be the cause of a great reduction in your mortgage payments, what what if you made additional payments (towards your principal)? Determine how much you can save with this tool.

Credit Card Payoff Goals Calculator

See how long it will take you to payoff your credit card if you continue with your current payments, and what you can do to eliminate your credit card debt sooner.

Refinance Calculator

Do you consider your annual mortgage rate too high? Should you refinance your mortgage? This calculator will help you determine what your next move should be.


What Are Prime Mortgage Loans? #what #are #mortgage #rates


#prime mortgage rate

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What Are Prime Mortgage Loans?

Prime mortgages are given to those with good credit and sufficient income levels.

A prime mortgage loans meet the standards for quality mortgages set out by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) responsible for purchasing the majority of home loans funded by lenders. Only borrowers with good credit histories and income levels that are three to four times greater than their mortgage payments can be approved for prime mortgages. Home loans not within prime lending standards are often referred to as sub-prime mortgages.

Features

Prime mortgage loans are offered by lenders to their best customers. They feature interest rates at least as low as the current prime rate offered by the Federal Reserve to banks. Some prime mortgages, though, feature rates considerably lower than that rate. These loans almost always require down payments on the part of borrowers, which may be as much as 20 percent of the home’s sale price, although 10 percent is more common.

Types

Most mortgages are either prime or sub-prime in character. A fixed-rate prime mortgage is the most common type of home loan. Its interest rate is stable over the life of the loan. Adjustable rate mortgages (ARMs), although no longer widely used, can also be prime in character. ARMs feature initial low interest rates that adjust upwards or downwards at periodic intervals, based on movements in the prime interest rate.

Considerations

Qualifying for a prime mortgage depends greatly on the state of the financial markets. When the money supply is looser, folks with credit scores from 620 to 650 often easily qualify. When it’s tighter, those with scores below 690 could find themselves in sub-prime territory. Borrowers sometimes get around this problem by using federally backed loans, such as those from the Federal Housing Administration. FHA loans feature interest rates slightly higher than the prime rate.

Benefits

Prime mortgages save home buyers money because their low interest rates typically shave hundreds of dollars off the monthly mortgage payment over sub-prime mortgages. Also, down payment requirements on these loans give homeowners immediate equity value. If a down payment is high enough, the lender won’t require private mortgage insurance, or PMI. Eliminating this monthly insurance payment leads to even more savings.

Warnings

Currently, a low credit score is anything below 620, according to the Home Buying Institute. Borrowers with low credit scores almost never secure prime mortgages because lenders have found that lower-score borrowers tend to default at higher rates. To cover their risk, lenders charge such borrowers higher, or sub-prime, interest rates on their home loans.


Home loans and home buying advice – Mortgage Choice #home #refinance #rates


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Home buying advice

With tax time fast approaching, now is the perfect time to review your current financial situation and make sure you are in the best possible position for your needs.

Tax time also provides us with the perfect time to make changes to our financial situation in order to improve it.

Generally speaking, there are three easy things all homeowners can do to improve their financial position.

Firstly, you can start overpaying on your mortgage. With interest rates sitting at historical lows, now is the perfect time to contribute additional funds to a mortgage.

Contributing an additional $100 a month can not only help you to save thousands of dollars in interest over the life of your loan, but it can significantly slash your loan period. Even one-off extra repayments can make a significant difference to the length and overall cost of your home loan.

In addition to overpaying your mortgage where possible, making salary sacrificed super contributions offers a simple way to save on tax and build wealth.

Salary scarified super contributions allows you to pay part of your before-tax salary into your super rather than taking the money as cash in hand. These contributions are taxed at 15%, which is likely to be below your marginal tax rate (which could be as high as 46.5%).

Finally, given that your income is your biggest asset, it makes sense to protect it. While the majority of superannuation funds offer some level of income protection cover, this cover is often not adequate.

It is important to do your due diligence and make sure whatever income protection insurance you currently have is adequate. If it isn’t, it is vital you do something about it, before it is too late.

In the same way that it is important for you to properly insure your vehicle in the event that unforeseen circumstances arise, it is also vital to properly insure your income.

Home buying guides

About Mortgage Choice

Established in 1992 by brothers Rod and Peter Higgins, Mortgage Choice was founded with the aim to help Australians improve their financial situation by offering a choice of home loan providers, coupled with the expert advice of a mortgage professional.

Since that time, we have grown and developed into a fully fledged financial services provider, and our founding principle remains very much at the heart of what we do.

Over 20 years of industry experience has taught us that you want advice you can trust and understand, from experts who have your best interest at heart. We now have the ability to deliver this across various financial products, including home loans, financial planning, car loans, personal loans, commercial loans, asset finance, deposit bonds, as well as risk and general insurance.

The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.

*Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories.

#The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

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PHH Mortgage, Service Center, Customer Service #investment #property #mortgage


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PHH Mortgage

PHH Mortgage ranks among the ten largest originators and servicers of mortgage loans in the United States. A subsidiary of PHH Corporation headquartered in Mount Laurel, New Jersey, PHH Mortgage is distinguished as a leading non-bank originators and servicers of residential mortgages with a unique outsourcing model, offering mortgage solutions for the real estate market and financial institutions.

Your loan may be serviced by PHH Mortgage even if you have borrowed from Bank of America. USAA, Merrill Lynch or Wells Fargo. The list of companies that it serves can be impressively long with over 1,500 financial institutions, regional banks, community banks, credit unions, real estate companies, corporations and government agencies.

How to Apply for Home Financing at PHH?

As a leading originator of residential mortgages, PHH can offer you a range of home loan options with some unique benefits. You can get preapproved without spending anything and also close your loan at a predetermined date. The company offers to pay $500 if it fails to close by your requested date.

PHH Mortgage offers a wide variety of fixed-rate and adjustable-rate mortgages. Depending upon your convenience, you can choose from 10, 15, 20, 25 and 30 year fixed-rate mortgages. Similarly, the choices in ARM can include 3/1, 5/1, 7/1 and 0/1 adjustable-rate mortgages.

To apply, you can either call (800)210-8849 or get started online at www.phhmortgage.com. You can talk to a mortgage consultant over phone for the best option from over 100 home loan products and a custom rate quote.

To apply online, you need to complete a form, providing all necessary information and calling on the phone number that appear on the confirmation page that gets generated after you submit the application.

PHH Mortgage Services

PHH is said to have over a million loans under its mortgage servicing portfolio, making it the nation’s leading servicer, offering services to over 500 community banks and nearly 900 credit unions, including many large national and regional banks.

How to make PHH Mortgage payments?

You can pay your mortgages either by phone or online. To pay by phone, you can call 1-877-729-3273 for a quick one-time payment through Western Union Speed Pay. To use online payment options, you should visit mortgagequestions.com, the online mortgage service center for PHH.

How can I log in to PHH Mortgage Service Center?

You must have correct login details to enter mortgagequestions.com, which is a website to access PHH Mortgage service center online. You need to sign up before you can log in to your account and view details on payment history, escrow, interest and taxes, and PMI. You can also set up auto pay to allow the service center to deduct the amount of your monthly payment automatically from a checking or savings account.

What is PHH Mortgage payoff phone number?

If you want to pay off early or make extra payments, you need to contact the mortgage servicing department for a payoff quote. You can ask anything about your existing mortgage, including mortgage payoff, by calling the phone number 800-449-8767 .

My loan is originated at USAA. How can I contact PHH Mortgage Service Center for USAA?

You can contact the servicing department by phone. Just call 1-800-449-8722 between 7:30 a.m. and 7:30 p.m. CT, Monday through Friday.

I can’t log in to mortgagequestions.com. How can I get the help?

You can call 800-449-8767 for any servicing-related issues, including problems with mortgagequestions.com login page.

PHH Mortgage Customer Service

If you are a new client, you can call (800)210-8849 for queries related to application.

What is the customer service mailing address?

The following is the mailing address to send your queries or complaints by post.

P.O. Box 5452
Mount Laurel,
New Jersey 08054-5452

What if I am not satisfied with the response of PHH Mortgage customer service department?

You can contact an escalation specialist by dialing (866)747-3927 between 8:30 a.m. and 5:00 p.m. ET.

What is the address of the company s Florida office?

The address is as follows.

PHH Mortgage
5201 Gate Parkway
Jacksonville,
Florida 32256


What Is Prime Mortgage Rate – Mortgage Refinance Information #mortgage #estimator


#prime mortgage rate

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What is prime mortgage rate If you do this, then chances are you will find the best rate you can control in your situation. 2.Target to lower the refinancing rate mortgage, if you have trouble making your monthly payments.

what is prime mortgage rate

Talk to your supervisor loan provider about obtaining a savings approach in place.�The best place to get more information about bad credit mortgage refinancing is on the Internet. With the recent decline in home sales, most home mortgage refinance lenders are skeptical on future profit margins.

what is prime mortgage rate

what is prime mortgage rate

When you look into refinancing your home, it is important to ask these questions, or you can run into many problems.�You can refinance existing loans VA home loan with a lower rate using a VA IRRRL (Interest Rate Reduction Refinancing Loan). Get on the road is more fun than watching the clock tick time in a small apartment.�Most companies organize sites that offer comprehensive information on all the services and options.


Loan calc #reverse #mortgage #rates


#loan calc

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Loan Calc is an easy-to-use tool intended to calculate loans and mortgages repayments in a very simple way.

Loan Calc calculates repayments amount, monthly and total interest, total repayments and generates a full repayment list from a start date. Loan Calc is currency-independent so it can be used with any currency. Just use a dot or a comma for decimals depending on your system settings.

Loan Calc lets you select both period and interest compounding from continuous (compounding only), weekly, biweekly, monthly, quarterly, semiannually and annually. Furthermore Loan Calc allows you to save all the repayment list to a text file or an Excel sheet.

Current Loan Calc version is 2.7.7. Loan Calc has been reviewed positively 895 times getting a rating of 4.5 out of 5 stars!

DEAL OF THE DAY – Get Loan Calc for 19.90$15.90 (-20%) + taxes. This offer ends in

Detects and use your language if available.

Calculates loan repayments according to amount, rate, duration.

Support for interest compounding.

Generates full payment list from a start date.

Exports repayment lists to text files or Excel sheets.

Currency independent – Easy-to-use interface.

Native versions for Mac OS and Windows.

A new ‘Help > What’s new’ menu let’s the user read the version history from newer to older. The application no longer depends on any Carbon libraries on Mac OS X, Cocoa only.

The application now comes with the App Nap feature disabled on Mac OS 10.9 (Maverick). Fix: Maverick (10.9) small fixes.

Fix: It is now easier to modify fields by mouse selection. Fix: Saved files are now independent from the language and the number format used. Fix: The Repayment field is now formatted properly. Fix: When resetting the loan amount is now focused. Fix: When pressing the ‘,’ key the right decimal separator is always entered. Fix: It is now possible to enter amounts like ‘.xx’ with no heading 0. Fix: It is no longer possible to enter several decimal separator for the same amount. Fix: Several Mountain Lion fixes.

PowerPC support has been dropped. The application is now Intel Only. As result the application size has been reduced by half. Fix: A new window is now opened when double-clicking on the application Finder icon or clicking on the Dock icon (Mac Only).


The Bad Credit Mortgage Experts – Just Mortgage Brokers #canada #mortgage #calculator


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Bad Credit Mortgages

Welcome to Just Bad Credit, the specialist department of Just Mortgage Brokers , helping our clients to find the very best deals when they require bad credit mortgages. Our aim is to make it much easier for you to find an impaired or adverse credit mortgage regardless of your credit history.

We understand that it can be difficult to find a lender willing to provide mortgage for bad credit, but with help from our specialist advisers, you can get access to a bad credit mortgage with minimum fuss.

Who We Can Help

Whether you are first time buyers or homeowners that are looking to move or remortgage. we will search the whole of the market to ensure you get the very best mortgage for your circumstances. Our team of dedicated professionals will always be on hand with their impartial, expert advice to help you find the right mortgage and guide you through the whole process.

What is An Adverse Credit Mortgage?

An adverse credit mortgage is much the same as those with bad credit , it is when you have had issues with your credit history which may make it harder for you to get a mortgage (or other types of credit).

What Causes Adverse credit?

  • Defaults
  • Debt Management plan

    But it is often not as bad as you think, those people who have had credit issues in the past could still get a mortgage here at Just Mortgage Brokers we specialise in helping our clients who have almost given up hope.

    Read more about adverse mortgages here

    We have a wealth of experience in dealing with mortgage lenders who are more sympathetic towards our clients, who may have experienced credit issues in the past. We maintain excellent relationships with these lenders, to give you the best possible chance of obtaining a mortgage with bad credit.

    Get in touch today

    Whether you have missed or had late payments, incurred defaults. county court judgements or been made bankrupt or IVA. please call us today.

    Bad Credit Services

    Just Mortgage Brokers is a trading style of Needham Mortgage Centre Limited who are authorised and regulated by the Financial Conduct Authority for protection, residential mortgages and general insurance business. You can check this on the FCA’s website www.fca.org.uk or by contacting the FCA on 0800 1116768. Our business takes regulation seriously in order to protect our clients and ensure that all advice given is of the utmost integrity.
    YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

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  • Equity Prime Mortgage Orlando #mortgage #assistance


    #prime mortgage rate

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    Equity Prime Mortgage

    Communicate. Educate. Deliver.

    It s what we do

    Call us at:
    (407) 455-6800

    In today s complex mortgage environment, experience counts. At Equity Prime Mortgage our licensed mortgage loan originators have been in the mortgage business an average of 10 years each, and we know what it takes to get you qualified quickly and close on time, without hassle or stress.

    Copyright © 2016 Equity Loans LLC DBA Equity Prime Orlando | NMLS #1212632 | Home Office NMLS #21116 | Equal Housing Lender

    3191 Maguire Blvd #190

    Orlando, FL 32803

    Freddie Mac Seller/Servicer 179659

    Fannie Mae Seller/Servicer 27394-000-6

    Equity Loans LLC DBA Equity Prime Mortgage is a direct lender with branches around the country that are dedicated to bringing you access to the most diverse array of home lending products available in the industry. Unlike many lenders, Equity Prime is not limited to working with only one type of borrower, which means that people of all financial and credit profiles receive the same impressive cost-saving benefits. At Equity Prime our mortgage professionals are here to help you buy a home or earn more financial freedom by using the equity that you ve built.


    Mortgage Underwriter jobs in London #federal #mortgage #assistance


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    Mortgage Underwriter jobs in London

    • Edgware
    • Permanent, full-time
    • 35,000 per annum, inc benefits, OTE
    • 8 applications

    Mortgage Underwriter £35k PA, OTE £50k plus benefits Edgware An exciting opportunity has become available working as a mortgage underwriter for a leading specialist loans provider. The vacancy has become available due to the firm going through a period of expansion. The organisation is offering.

    Posted 29 July by Armstrong Knight Featured

    • Stratford
    • Permanent, full-time
    • Competitive salary
    • 53 applications

    Secured Mortgage Underwriter My client an industry leading mortgage provider based in Stratford are seeking to recruit an Underwriter with secure Loans/Mortgage experience. Responsibilities Make key decissions about Mortgage applications against company lending criteria Understand how to reduce.