Mortgage Calculators
Mortgage News
Thursday, December 22, 2011 - 30-year Mortgage Rate at 3.91%.

The benchmark 30-year fixed mortgage rate remained virtually unchanged at 3.91% compared to 3.94% the prior week. The 15-year fixed mortgage stands at 3.21%, while the once popular 5-year ARM is at 2.85%. Click here for an in-depth weekly Mortgage Rate analysis.

September 24, 2010 - GMAC’s Errors Leave Foreclosures in Question.

Recent admission by GMAC, a subsidiary of Ally Financial and a major mortgage lender, that it had violated legal rules in its rush to file many foreclosures is likely to fuel a furor against hasty foreclosures. Attorneys generals in several states are beginning to investigate the lender.

This raises broad issues for millions of buyers of foreclosed homes, some of whom might not have clear title to their bargain property, as well as for those who were evicted.
Advice Corner
Making Homes Affordable - The government has introduced a comprehensive Financial Stability Plan to address some of the key problems at the center of the financial crisis. A critical piece of that effort is Making Homes Affordable.

With mortgage foreclosures reaching an all-time high, Congress, the Federal Government and major banks (e.g. Bank of America) have all begun to support loan modifications in some way. IndyMac Federal Bank, Citigroup, Bank of America/Countrywide, Chase/WAMU, and FHFA have issued loan modification guidelines.

U.S. Bank failure. Since the credit and financial crisis began in 2007, U.S. bank failures have reached a staggering $679.6 billion in assets, with 92 Bank Failures in 2011, 157 in 2010, 140 in 2009, 25 in 2008 and 3 in 2007.

Did you receive your Economic Stimulus Payment or Tax Refund? If you haven’t, the government is trying to track you down.

Mortgage Basics - defines all the common Mortgage Terms related to mortgage finance.

Mortgage Loan Calculator

Mortgage Loan Calculator

:

Use this online mortgage loan calculator to look at a variety of loan scenarios. Use the mortgage loan calculator slider controls to change/calculate your monthly payment, loan amount, interest rate and term, OR enter Freddie Mac's latest market survey rates located on the right to determine the impact on your monthly payment. Press the "View Report" button on the mortgage loan calculator to see a complete loan amortization schedule, either by month or by year for the loan scenario you choose.


    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in

Mortgage Loan Calculator - Definitions

Monthly payment - Enter on the mortgage loan calculator< the Monthly Payment for this loan.

Interest rate - Annual interest rate for this mortgage loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Term in months - Number of months for this Mortgage loan.

Mortgage Loan amount - Total amount of your mortgage loan.

FREE MORTGAGE LOAN CALCULATOR, FINANCE CALCULATORS



CalculatorPlus.com, with many online calculators, provides free personal finance and business calculators to assist you in making smart financial desisions in the following areas:

Auto Finance Calculator
CD Calculator
Investment calculator
Insurance Calculator
401k Calculator
Business & Break Even Calculator
Commercial Loan calculator
Bank CD Calculator
Loan Comparison Calculator
LOOKING FOR THE BEST MORTGAGE LOAN

Shopping for a home mortgage or mortgage loan will help you to get the best financing deal. A home mortgage – whether it's for a home purchase, refinance, or home equity loan – is a product, so the price and terms are negotiable. Compare all the costs – interest rate, points, and closing fees --– when obtaining a home mortgage. Shopping, comparing, and negotiating can save you thousands of dollars over the term of your home mortgage.
- Obtain information from several mortgage lenders
- Obtain important mortgage cost – mortgage rates, points, closing fees
- See how taxes and insurance impact mortgage payments using this mortgage calculator with taxes and insurance
- Then choose the home mortgage that best meets your financial needs.



Mortgage FORECLOSURE COUNSELING RESOURCES

If a homeowner is at risk of default and foreclosure, call or visit one of the many foreclosure counseling organizations available to help.



HOPE FOR HOMEOWNERS PROGRAM

In July 2008, the U.S. Congress created the HOPE for Homeowners (H4H) program, which is designed to help homeowners at risk of default and foreclosure on their mortgage refinance into more affordable mortgage loans. Find out more about the program and whether you qualify for a HOPE for Homeowners refinance mortgage.



FINANCIAL AND CREDIT CRISIS

The U.S. financial and credit crisis led to the dramatic failures of such U.S. financial institutions as Lehman Bros, Bear Stearns, Merrill Lynch, AIG, Washington Mutual Bank, and the government take over of Fannie Mae and Freddie Mac. Find out what caused this financial and credit crisis that may lead the country into a recession or worse. This financial and credit crisis has caused a dramatic rise in bank failures starting in 2008 and continuing through 2012.



Mortgage Loan and Financial References:
FHA: FHA Loan
FDIC: Consumer Protection - Loans & Mortgages
Calculatorplus: First Credit Card
Compare Mortgage Rates: Mortgage Rates
Calculadora de hipoteca.


Mortgage Loan MarketPlace
Partners
Download Free
Mortgage Widget
Real Estate Valuations
Anyone considering a mortgage should avoid these Common Mortgage Mistakes, from borrowing too much to not shopping for the best rates.

Getting approved for a mortgage can be a tricky. Here we layout the Mortgage Approval Process for obtaining a mortgage.

Because of increase in home foreclosures, Mortgage Foreclosure Scams are abound. Beware of Con Artists and foreclosure experts bearing "too good to be true" offers.

8 Tips for Avoiding Home Foreclosure

Foreclosure Causes

HOPE for Homeowners (H4H) Mortgage Refinance Program

Financial Crisis: How Did We Get Here?