is there a calculator to figure out my mortgage balance if I increase the payments?

I am near the latter part of my mortgage……I want to increase the payments from the minimum of 980 to 1300 per month..How soon will it be paid off. There is a balance remaining of 25,000 and the interest rate is 7.5%

what happens to a reverse mortgage when someone dies and there is a will?

Need help…Here is the situation…nonworking Family member lived with mother who did a reverse mortgage on house and has now passed away, in her last will and testament she left the house and any money to this nonworking family member. There was no money and This family member has no money to live on. What [...]

How would I calculate my mortgage payment using only a calculator? Is there a formula?

for example, 30 year fixed monthly payment?
How would I calculate it?
I need a formula.
using a cheap $5 dollar calculator with no financial functions.

Is there such thing a unemployment mortgage insurance?

Is there such thing a unemployment mortgage insurance? That is, insurance that pays the mortgage in the case when you are layed off.
Where can I get some

Is there a better solution for the cash strapped elderly than the reverse mortgage? What are big pitfalls?

Reverse mortgage seems an easy out, but does it cost too much in the way of fees and is the variable interest a good risk in this economy? Is there a better solution I am not considering?

If a property has a reverse mortgage and the owner has passed away, is there a way for the heir to refinance?

Due to market conditions the heir is having difficulty selling the property. The reverse mortgage has an unusually high interest rate. Is there a way for the heir to refinance and rid himself of the reverse mortgage?

The Reality Of What Type Of Mortgage Loans Are Out There

What type of mortgage loans are available for Americans who want to live out the dream of owning their own home?
There are many different benefits associated with all the loan types available. FHA, conventional, and VA are the three most prominent loan types. The most uncomplicated mortgage loans are the traditional home loans because they [...]

Are there always closing costs when you Refinance a mortgage?

I’d like to know when it makes sense to refinance a 1st mortgage? What interest rate difference is worthwhile? And if you refi with same bank, can you negotiate the closing costs? Maybe say you will take your mortgage elsewhere?

Is there a mortgage insurance premium charge at closing for conventional loans?

I know there is a mortgage insurance premium around 1.5% when you close on a FHA loan, but I was wondering if the same charge apply when you close on a conventional loan

How much compensation is there in selling mortgage insurance?

I know the average payouts on simple things– mortgages, some insurance products… but I don’t know how much money a person makes for selling mortgage insurance.
An example would be great too, I would appriciate it.
Especially if I were to make a career out of selling mortgage insurance, how many times would I need to [...]

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