Shoppers Can Now Get A lot more Details on Mortgage Prepayments

Posted on Sep 6, 2012 in Unique Loan Programs

Question by : Are FHA mortgage loans more difficult to obtain?

Best answer:

Answer by My Take on It
They are less difficult than a conventional

Depends on your circumstances

What do you think? Answer below!
Obama refinance program: Good incentive for borrowers and lenders

article by John Mathew

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offered an overview of the Home Affordable Refinancing Program (HARP) of Fannie Mae and Freddie Mac. We also have short power line to the new and updated FHA program, cost which is for 2012.

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More Refinance Harp article
Question by rebelBodhi: Young couple with pretty good income, viagra but low down payment, can I buy a home?
I’ve gotten through advanced calc and computational analysis courses, but navigating the world of finance and mortgages is still a bit daunting.. any help would be appreciated:

I make $ 75-80k and my spouse makes about 40. We’ve been renting in the MD-DC-VA suburbs for 4+ years, with perfect rental history (paying about 1300/mo), and have average credit.

We’d be first-time buyers. I know we could easily swing the monthly payments, it’s just the initial costs I’m not sure about.

Anyway, given this income (total about 110k/year before taxes), and a small (say 3-5k) down payment. What options, if any, are there for buying a 250k-300k (town)home? (we’re 25 years old if that matters)
I’m aware of FHA loans, but how/if they would help lower the inital costs is still a mystery.

fyi you did sound caustic, and the plan is to wait at least 4 months. I’m looking for some info and others’ experience.

Best answer:

Answer by ?I am a MESS?
Down payments vary from state to state, in Ohio it’s 3.5% of the cost of the home.

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Examine out these mansion images:

Mansion Betliar
Image by Matus Kalisky
Manison Betliar in south-east Slovakia constructed in 15th century and subsequesntly partially rebuilt in 17th and 18th century. It has a garden with fountain and english park. It was constructed and utilised mainly as hunting mansion. It serves as museum considering that 1949. Nice place to pay a visit to.

Tachihara 4×5, website like this Fujinon 125/5.six CM-W, this site Fuji Pro160S

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Carnton Mansion
Image by www78
Significant mansion just south of Franklin owned by the McGavock loved ones. In the course of the battle for the town, recipe Common William Loring’s brigade swept past the developing under artillery fire during the assault. Afterwards the bodies of four Confederate Generals had been laid on the back porch before their transport home. Blood stains still appear on the floor of the mansion. Right after the war, the McGavock’s donated land for a Confederate cemetery. Each the mansion and the cemetery are believed to be haunted.
Franklin, Tennessee.

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mansion on a hill
Image by Stitch
We could not have a mansion on a hill
Mink coats and diamonds by the score
But the things we have no man could ever take it
Just the two of us now who could ask for more

—&quotJust as long as we have really like&quot sung by The Spinners &amp Dionne Warwick

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Question by Simply D: Home Finance?
I’m 23 years old and would like to consider financing a home in the next 2-5 years, doctor I want to know what kind of things do I need to be concerned about with my credit? How can I increase my score and what do I need to know about financing a home to get a good value and a good deal. Personal experience are greatly appreciated. Thank you all.

Best answer:

Answer by donfletcheryh
First, about it build a large down payment. This is an almost irresistible part of the financing game. But just because you have put together say 15% of the price of a house over 5 years tells you that your saving skills are starting to work.

Do not take out loans and pay them off to increase your score. It works against item 1, building the DP.
Rather, have a couple credit cards that you use to pay for things you buy, but religiously pay them off, completely, every month, well before due date.

Avoid buying cars or other big ticket items that ‘require financing’. If you buy any of them, do it on your credit card, but again pay off the credit card that month.

Avoid those sales that allow you to make no down payment, or no payment this year. You can always negotiate a cash reduction. They really do prefer cash, they really do prefer to make a sale rather than have you walk out.

As your savings grow, you should be investing, not just buying bank deposit notes.
If you do a good job of investing, even living in rented accommodation can be a sound economy.

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Question by jenp: Mortgage rate: 5.35%, view am I getting ripped off?
We have an excepted offer on a house, medical and have been doing all the loan paper work and are supposed to close on the house mid to end of may. But I don’t know if the interest rate we were given is a rip off? FHA fixed 5.35%. We both have pretty good credit in the 750’s each. The home we are buying is in minnesota and the mortgage company is out of California. We went with this mortgage company because the home is a forclosure and they stated in the agreement if we went with them they would pay closing cost but if we went with anyone else the closing cost wouldn’t be part of the agreement. And we really like the house and have been looking for 2 years, medications so we went with them. Is this a normal interest rate as of right now? Because I’ve seen a lot of advertisement for under 5% FHA fixed, even wells fargo had 4.85%. But I am new at this so I am not sure how it all really works.
0 points

Best answer:

Answer by Jonnur47
5.35% is an average rate for today. However you left out some important details.

IE: Origination or Discount points ?

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A few good castle photos I discovered:

Image by NapaneeGal
Component of the wall and surrounding buildings of the earlier &quotcastle with drawbridge&quot photo

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[Castle, physician Tenby, cost Wales] (LOC)
Image by The Library of Congress
[Castle, price Tenby, Wales]

[between ca. 1890 and ca. 1900].

1 photomechanical print : photochrom, color.

Title from the Detroit Publishing Co., catalogue J–foreign section. Detroit, Mich. : Detroit Photographic Business, 1905.
Print no. &quot10721&quot.
Types portion of: Views of landscape and architecture in Wales in the Photochrom print collection.


Format: Photochrom prints–Color–1890-1900.

Rights Information: No recognized restrictions on reproduction.

Repository: Library of Congress, Prints and Photographs Division, Washington, D.C. 20540 USA,

Element Of: Views of landscape and architecture in Wales (DLC) 2001700652

More details about the Photochrom Print Collection is accessible at

Persistent URL:

Contact Number: LOT 13408, no. 161 [item]

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Michelle Obama's heartfelt speech opens Democratic National Convention 2012
Watching his wife's speech from the White House with their daughters Malia, hospital 14, and Sasha, 11, President Barack Obama had earlier in the day paid tribute to his wife's political skills at a rally in Norfolk, Virginia. 'This is just like a relay,' he …
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China grasps for a growth alternative
Over the past couple of years, banks were forced to roll-over an estimated $ 1 trillion dollars of maturing loans taken out by local government SOEs. Don't believe the official non-performing-loan ratios of Chinese banks which are stated as less than 1 …
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Question by : Bad Credit Mortgage/FHA Loan?
Hello, medications

I’m trying to get some answers on a very simple question….. Is it possible to get a Mortgage/FHA Loan with a bad/poor Credit Score? I’ve been reading all types of forums and blogs on this and I’m not really getting anywhere. The thing is most of my past credit issues are going on 2 years of age or more. Should I pay them off or leave them be? I’ve read that if some things on your report are over 2 years old you shouldn’t pay them off because it will update it and hurt me even more. Is this true? I have no clue. The home I’m looking at right now is only $ 40, adiposity 000 and I make nearly $ 24,000 yearly gross and I have plenty for a down payment. Should I just get all my information together and apply for an FHA Loan and cross my fingers?? Pretty much what I’m asking is, are there companies/lenders that don’t really punish you for bad credit as long as you can prove that you can afford the loan??

Best answer:

Answer by Rebecca
Most lenders will require you to pay off past collections and Judgments in order to qualify for the loan. Why shouldn’t you be denied credit if you have credit out there that you have not paid off?

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Question by hotguyfromrincon: Should I accept this loan modification offer my attorney negotiated for me for my current mortgage?
2 months deferred mortgage payments
4.0% rate, about it fully amortized, page fixed, sickness for 5 years
5.0% rate after the first 5 years, for the remainder of the loan
40 year term
no prepayment penalty

my current loan is FHA 6.5% 30 year fixed

Best answer:

Answer by bud68
Only you know your financial and personal situation.

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Some cool mansion pictures:

Bradbury Mansion
Image by Floyd B. Bariscale
A Queen Anne mansion built for Lewis L. Bradbury by architects Samuel and Joseph Cather Newsom in 1887 for , physician 000. It stood at the southwest corner of Court House and North Hill Streets. From a 1981 reprint of J.C. Newsom’s Artistic Buildings and Houses of Los Angeles:

&quot… Lewis Leonard Bradbury, page mining enterprises. 1887, expense 00… In Picturesque and Artistic Homes and Buildings (1890), Newsom describes The Bradbury: &quotThis dwelling was erected in Los Angeles and is the finest Residence there. The Saloon Parlors are quite significant and have their respective attributes, The Bays, Spindle arch, Mantels, Decorated Ceiling, and so on. Hardwood Floors to complete residence, The Library is to the appropriate as you enter, The Bookcases are built around this room to a height of eight ft. This room is completed in wood, ‘no plaster.’ The Dining space is completed in Oak ‘Quartered antique’ and has paneled Ceilings and Side-walls, no plaster getting employed… A fine significant domed Ceiling to Billiard space with Card-room attached. The plumbing operate was very fine, almost certainly the greatest outdoors of San Francisco, getting all open perform. The Interior is polished handsomely. The Exterior is of Granite, Marble, Wood and Shingles.&quot

California State Library

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Christchurch Mansion postcard 002
Image by tomylees
Christchurch Mansion, Ipswich, Suffolk. Postcard from Ipswich 16 Aug 1933.
Sent to Mr &amp Mrs Scrivener, 18, Queen St, Haverhill, Suffolk.
Valentine’s card. This is a genuine photograph.
Dear Will and Might. Just a couple of lines to say I am nevertheless alive. I’m having a very good time so far. Weather not too undesirable. I am just off to see Aunt Carrie now. From Kath.
From an album of postcards and photographs purchased from Chandelier antiques 11th May possibly 1993. There have been a significant quantity of Ipswich postcards in the album.
I have discovered a William Scrivener in the 1911 census for Haverhill Rd, Little Wratting.
He was aged 33, married 3 months and born in Ipswich.
Also was Sarah Scrivener, aged 30, married 7 years, (the daughter of Thomas Turner who was 57 years)
Also have been William, aged 6 and John aged three Scrivener (grandsons of Thomas Turner)
They had been all in the household of Thomas Turner and his family.
August 1933, Ipswich, Suffolk.

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Executive Mansion
Image by aka Kath
Executive Mansion ** (added 1976 – Creating – #76000728)
4th and Jackson Sts., Springfield
Historic Significance: Event
Location of Significance: Politics/Government
Period of Significance: 1850-1874, 1875-1899, 1900-1924, 1925-1949, 1950-1974
Owner: State
Historic Function: Domestic, Government
Historic Sub-function: Single Dwelling
Existing Function: Domestic, Government
Existing Sub-function: Single Dwelling

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by TheTruthAbout

Question by PrimeConcern: How much mortgage debt is there in the USA?
Given all the worries about credit in this country, abortion and subprime mortgages, approved I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $ 200,000, that comes out to a scary $ 14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $ 280 billion. It could obviously be much higher.

Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.

Best answer:

Answer by Pete W
You bring up an important question. The best data I can find on the ‘net are figures for 2003 (USA Today) – nothing newer available according to them. If that number is correct then the total mortgage debt in the US, 2003, $ 6.3 trillion. Some adjustments must be made for the past four years- higher, I’m sure.

Lots of bucks out there!!

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Consumers Can Now Get A lot more Info on Mortgage Prepayments
&quotConsumers can now get enhanced information about mortgage prepayments and have tools at their disposal to support them calculate approximate charges. This will assist borrowers when they are generating choices about prepaying their mortgage, tadalafil &quot says Ursula …
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Mortgage Rates: Low Mortgage Rates Stable as Productivity Shows Growth
Right now&#39s 30 year fixed mortgage interest rates are at three.375% and 15 year fixed mortgage rates are at two.750%. five/1 ARM loan rates are at 2.125%. Low mortgage rates, pharmacy such as these, illness are obtainable with .7 to 1% origination point for borrowers who have …
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