JUPITER MORTGAGE » there

There is only One Loan!

Thu, 21 Jul 2011 19:04:16 +0000

Mortgage Moments Vol 3. Believe it or not – all loans are actually just one loan. I’m going to show you, in this short video, how every mortgage loan is simply an investment for someone or some institutions portfolio. You may be surprised to know that somewhere in your retirement portfolio you own part of your neighbors mortgage. Oh yes, your neighbor might also own part of your mortgage in his portfolio. Now just sit back and watch and learn. J Michael Seely conducts live seminars and webinars on “Demystifying Mortgage Loans” His goal is to put you in charge of your most important financial asset…your real estate and the mortgage that supports your real estate. Learn how to save thousands when obtaining a loan and 10s of thousands over the life of a loan.

What Type of Reverse Mortgage Programs in Chicago are there

Sun, 29 May 2011 19:08:11 +0000

reversemortgageloaninfo.com Are You a Senior Citizen looking for away to put your home equity to work for you? A reverse home mortgage will allow you to receive monthly payments for the rest of your life. Learn more about reverse mortgages in the Chicago area today.

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

Thu, 03 Jun 2010 19:03:58 +0000

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?

Tue, 01 Jun 2010 19:03:47 +0000

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 do we do next? Do we need to get a lawyer, does the house have to go to probate? Does this family member have to sell taxes?
This is in the State of California. Any information will be helpful. thankyou

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

Wed, 26 May 2010 19:05:12 +0000

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?

Sun, 23 May 2010 19:08:46 +0000

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?

Sat, 15 May 2010 19:19:50 +0000

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?

Thu, 13 May 2010 19:24:20 +0000

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

Tue, 04 May 2010 19:25:18 +0000

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 straightforward. A conventional mortgage loan is when you have a predetermined portion of the price, including fees, of the home borrowed out and you arrange to pay that money back within a certain period.

FHA means Federal housing authority and they protect these loans, the same applies to the VA, or Veterans Administration loans. The FHA and VA have a common goal, which is assisting Americans to achieve the dream of owning a home of their own. The FHA and VA collaborate with banks to provide insurance towards your loan in case it is not kept up to date. The down payment is significantly less for these two types and the loan requirements are normally easier to meet. The FHA and VA determine the specifics of the loan like the down payment, the interest rate, and the examination of the house. Because of this, several lenders choose not to do business with the FHA and VA mortgage loan types. With the convention mortgage loan types, the banks can manage the loan agreement more.

Types of mortgage loans differ along the lines of rates as well, for instance, fixed-rates and variable-rates. When an interest rate cannot be changed and remains constant, it is a fixed-rate loan. Many people choose to have a loan that is fixed when the market is favorable to buyers. For instance, during this day and age, home prices are much lower than several years ago, therefore, many people want to keep their rates where they are since they will raise later. When you are aware of your monthly payment, it is easier to plan your money.

A fixe – rate loan is difficult to quality for sometimes and that leaves them with the only other option, which is an adjustable rate mortgage loan type. When you have an adjustable rate loan for your mortgage, the interest rate is bound to fluctuate. The market can sometimes determine the interest rate and therefore it can be altered. Your interest rate is influenced by the economy and can go up or down accordingly.

Unconventional mortgage types are another mortgage loan type. Many forms of this loan are available and they are new on the scene in the home buying and selling business. You can find balloon, interest only and even reverse home loan types. Balloon-mortgages, interest-only mortgage loans, and reverse mortgage loan types are some examples. In order to make a decision about your future, you must do a lot of research and make sure you are choosing the mortgage loan type that fits your needs when making life long decisions.

If you would like to gain more information on the other types of mortgage loans out there and which ones can financially better suit you, then have a look at Home Mortgage Loans 101. If it’s home loans, they have you covered!

Are there always closing costs when you Refinance a mortgage?

Tue, 27 Apr 2010 07:12:25 +0000

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?