Saturday, May 19, 2012

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Mortgage Payments

How Do I Calculate My Mortgage Payment Without Using A Mortgage Calculator?

by Jonas Kruckeberg March 28, 2010

Calculating an exact mortgage payment without a calculator on a loan is no small task, but there are some simple rules-of-thumb you can use to get a close estimate.
With the exception of the MIT Blackjack Team, performing this type of complex math in your head often leads to frustrating rants.
When coming up with a rough [...]

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Do I Have To Continue Making My Mortgage Payment If My Lender Goes Bankrupt?

by Jonas Kruckeberg March 28, 2010

When mortgage banks go out of business and are essentially taken over by the FDIC, homeowners are left wondering if they still need to make a monthly payment.
Great thought, and a very common questions for many borrowers in 2009 and 2010.
The short answer is YES, you still have to continue making mortgage payments if your [...]

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Shopping For A Hazard Insurance Policy

by Jonas Kruckeberg March 28, 2010

When shopping for a hazard insurance policy, something called “bundling” can actually save you quite a bit of money that most people aren’t aware of.
Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their hazard insurance policies to attract homeowners who need to [...]

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Who Owns My Home If I Have A Mortgage?

by Jonas Kruckeberg March 22, 2010

Many borrowers believe that when they purchases a property by obtaining mortgage financing, they also own their home.
Technically speaking, full ownership on a property is only happens once the mortgage loan amount has been paid in full.
To break this down in more detail, there are a few components of a mortgage:
A Promissory Note is [...]

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