Finance, Loan, Debt and Credit.

April 6, 2018

Mortgage Calculator and Fixed Rate Mortgages

Filed under: Mortgage — Tags: , , , , , , , — admin @ 12:46 pm


A mortgage calculator is a useful tool to help we budget for our new mortgage. A good mortgage calculator allows us to calculate our monthly payments based on our desired interest rate, taxes, and insurance. Here is how this useful tool can help we avoid common mistakes when refinancing our mortgage.

Mortgage calculators can provide us valuable information about our mortgage. A good mortgage calculator will show us monthly payment information and amortization tables to help us understand how our mortgage works. Amortization with a mortgage calculator describes the process of paying interest and principle graphically; using a mortgage calculator can help us get our head around a complicated financial concept like amortization.

In many parts of the country the average price for a home has gone up significantly over the past few years. This makes it difficult for many people to qualify for the financing they need using a traditional mortgage lender. Many of these individuals have turned to 80/20 mortgages to secure 100 percent of the mortgage financing they need.

Internet mortgage leads are indispensable for mortgage lending companies and brokers. The mortgage leads are lifelines to their business. That’s why they always look for qualified and cost-effective Internet mortgage leads. Borrowers often search for mortgage lending companies on the web. Initially they get in touch with the lead generation companies with their loan requests. They submit their requests to the mortgage lead generation companies by filling out an online application form. The lead generation companies send the applications, after screening them carefully, to the mortgage brokers and lending companies. Here the screening is necessary to ascertain the reliability of the loan application. The mortgage applications then become leads. Mortgage brokers and lending companies in turn contact the borrower via e-mail or telephone.

Lead generation companies use advanced technology to find suitable Internet mortgage leads. Here the quality of Internet mortgage leads depends on how sophisticated the lead generation process is. Mortgage-generating companies always aim to offer suitable and profitable mortgage leads to lending companies.

The major advantage of a fixed rate mortgage is that it presents a predictable housing cost for the life of the loan. A fixed rate mortgage guarantees that our interest rate stays the same, which means that our monthly principle and interest payments through the entire term of the mortgage remain unchanged. With a fixed rate mortgage, our monthly payments would only increase due to increases in property taxes or insurance rates.

In general, fixed rate mortgages are seen as the safer alternative to an adjustable rate mortgage. An ARM is considered riskier than a fixed rate mortgage because our payment may change significantly. If we have an ARM, it may be best to lock in a fixed rate mortgage now, in advance of our current loan adjustment.

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February 16, 2018

Use a Mortgage Loan Calculator When Comparing a Modification Loan Or Refinance Loan Mortgage Rate

Here are 3 common scenarios where using a mortgage calculator can help you decide what to do …

1.  Should I Refinance?

First, determine your main goal.  For example:  Are you more concerned with short term savings – (reducing your monthly payment now), or, do you want to save more money in the long run? .

For example. If you had a 30 year loan at 5% interest, and you’d been making monthly payments on it for the last 5 years (60 months), you’d reduce your monthly payment if you refinanced for a new 30 year period, say at 4.5%.

But you could still end up paying more over the long run.  The problem is you have no way of knowing that until all the related expenses are factored in.  And this is where a mortgage loan calculator can help you.  The calculator has places for you to input the various closing costs, fees, taxes, etc. And only after considering all the related expenses will you know whether or not you’re coming out ahead.

2.  How Much Income Will I Need to Qualify?

Nothing feels worse than finding the home of  your dreams and then being turned down when you try to arrange financing.  Once again, this is a case where using a mortgage calculator can really help.  Wouldn’t you rather know if you can qualify for the loan before you apply?

Here’s what you’ll need to know …

First:  the cost of the home;  the expected interest rate;  the term of the mortgage (i.e., how many years?);  and your down payment.  This will show you the total monthly payment on the principal and interest.  But you’re not finished yet!

Next, add in the annual property taxes and annual insurance costs.  Using all the above criteria the calculator will tell you what your gross monthly income needs to be in order to qualify for a loan on your dream home.

3.  Should I Rent or Buy?

Remember the days when we were told that buying a home is ALWAYS a good investment?  Emotionally that’s probably true.  But it’s not always the case mathematically.  Sometimes you’re better off renting, especially in uncertain times.

Here’s how to know …

First, understand you’re going to be using your “best guess” estimates.  But with a little research you should be able to come pretty close (most of the research simply involves presenting a couple of questions to a knowledgeable realtor or property manager).  Here are the questions on the home ownership side of the equation:

What annual maintenance costs are typical for a home like this?  What’s the annual appreciation %  I could expect on this property?  What % selling costs should I expect?  What are the annual taxes and insurance?  What is the PMI (private mortgage insurance).

Your rental questions are much simpler.  First, – how many years do you plan on being in the home before selling?  Second, how much is the monthly rental payment?  And third, what is the annual rate increase % expected to rent this home?  Now you’re ready.

Using all the factors above a mortgage calculator will tell you — 1.  The total of the payments you’d make buying vs renting, 2.  the total you’d save on rent, and,  3. the total home purchase benefits.  This will help you make an objective decision based solely upon the financial implications.

Other Uses

Other ways you can use a mortgage calculator include finding answers to the following:  What would the monthly payment be?  What is the mortgage principal?  What if I pay extra each month?  Should I pay points to lower my interest rate?  Which loan is better between two or more offers?  What difference would a bi-weekly mortgage vs. a standard mortgage make?

As you may imagine we haven’t even “scratched the surface” of the many benefits of using a mortgage calculator.  They can pay off handsomely.

Virgil Stanphill has been involved in different forms of Business or Ministry for most of the last 25+ years. He currently divides his time between both, helping people overcome challenges they face in the workplace and in day-to-day life – currently, working to help people stay in their homes during these tough economic times.

His business background includes marketing, direct sales, and freelance copywriting, requiring broad research and application in various fields.

His ministry includes writing, teaching, and public speaking.

May 20, 2017

Accounting & Finance Online Tax Calculator For Tax Return

Filed under: Tax — Tags: , , , , , — admin @ 12:46 am

Late filing of the tax return is an important issue as not only can it attract a late filing fine but also brings the accounting and finance quality into attention. Accounting & Finance for your 2008 Tax Return – Do not Be Late With nearly a fifth of smaller businesses this year being expected to hand in their 2008 tax return in late, new research shows just how deeply concerning it is that small businesses including sole traders and self employed businesses are not on top of their accounting & finance and are not getting their tax and income records organised on time. HM revenue and customs supply the choice to complete the Inland Revenue tax return forms or online self assessment which includes use of a tax calculator, so accounting & finance should be completed in good time and before the online tax filing deadline. With the 2008 tax return deadline being 31 January 2009, online self assessment in the late stages is the best way to complete and submit your business’ tax and income records. A self employed business has an option of using a tax calculator when completing the paper based revenue tax forms. The online self assessment actually uses financial software being a tax calculator to calculate your tax liability meaning the final figures are worked out by the HM revenue and customs tax accounting software system on your behalf leaving not much else for you to do. It is a far easier means of recording accounting & finance transactions, compared to using your own tax calculations which leaves far too much room for costly errors. HM Revenue and Customs Fines For Late Tax Returns The HM Revenue and Customs issues fines for late tax returns which are issued in increments of £100 the minute the deadline has passed. Failing even to hand in a 2008 tax return within 6 months of the tax deadline means you will attract yet another £100 so making sure you plan and organise your tax return well, along with completing accounting & finance details and submitting revenue tax forms (or filling out online self assessment at the HMRC website before deadline) will save you the worry that comes from being chased to pay fines that can otherwise (and very easily) be avoided. With direct experience of people at the brunt of such HM Revenue and Customs fines, it really makes a lot of sense to be prepared and take care with your 2008 tax return. Sole traders, inexperienced with accounting and finance matters may not like the paper based revenue tax forms with many small business owners mentioning how complicated the tax return forms are. The online self assessment facility is always recommended being easily accessible providing you have registered and already have passwords. Obtaining the HM revenue and customs gateway password takes 7 to 10 days as it is sent by post after the sole trader has registered to file the tax return online It is also free to use but if you do prefer the paper tax returns then login to use the tax calculator – and if you don’t already have your government gateway passwords and access then now is the time to register to allow yourself the time to prepare your tax and income details. Preparing tax and income is not exciting nor is it invigorating, however being prepared in advance means that 2008 tax returns can be filed and put away before the January deadline. The alternative to completing your own revenue tax forms is hiring a good accountant or using an accounting software package that will automatically complete the tax return form

DIY Accounting incorporate tax software in the tax accounting software producing basic tax returns for self employed business which iprovide paper copies of the online self assessment tax return to improve accounting and finance tax return filing

August 13, 2016

Student Loan Consolidation Calculator – Calculate the consolidation

Filed under: Loan — Tags: , , , , — admin @ 12:47 am

It’s time to consolidate your student loans and want to know exactly what to expect. You can always discuss with the borrower by telephone to the conditions and to try to sell the consolidation of its programs. You can guarantee your banking and financial institutions to visit the place to see what deals they offer. The easiest way to obtain information about the payment of loan consolidation is the potential of a calculator online loan go. There are a number of websites that have theseFunctionality and is easy to use.

Know the difference

If you’re looking for is in a consolidation, lenders offer a variety of low-interest for similar borrowers. Small differences in rates can cost a big difference in paying for what you need to know how these points shortly. Student loan consolidation calculator takes into account the amount of your mortgage, the interest rate and duration ofReimbursement.

Using the Calculator

You must enter the loan amount and interest on their loans. Sometimes you can combine all your loans in order to make this step. You must be sure to enter the base interest rate of loan consolidation. General, a section in which the repayment period, so that we can get a better idea of the amount of each payment. Finally, click on “Calculate”Button and get all the information you need.

You should be aware that the data mortgage loan consolidation online for students. E ‘be regarded as estimates of the actual height. It can fees, charges or a change of pace, which could affect your payment. Your credit card is also the consolidation loan can be obtained from private loan consolidation

January 27, 2016

Auto Refinance Calculator – Getting Accurate Figures From an Auto Refinance Calculator

Filed under: Loan — Tags: , , , , , , , — admin @ 12:46 pm

An auto refinance calculator is an excellent tool that you can use to see if, and how, refinancing can save you money. It has an easy interface that allows users to input just a few basic figures, such as loan balances, interest rates, and loan terms. All the complicated calculations are handled in the background, and in just a split second you can have a fairly accurate comparison of your current and new prospective auto loan. There are many out there, but most of them will have ask for the following information. It’s helpful to be somewhat knowledgeable about them.An auto refinance calculator will often times ask for the “payoff amount.” This can also be labeled as “principal,” “loan balance,” or even simply as “loan amount.” The most important thing to understand is that you need to enter the amount given to you by your lender when you request a “payoff” quote. This is different from your loan balance, as it can include accrued unpaid interest, and estimated interest that will accrue from the date that you request the payoff quote to the date that your lender expects to receive full payment (usually 7-10 business days). This amount can also include extra fees, such as title transfer fees and prepayment penalties. So, just call your lender and ask them for a payoff quote. They will usually tell you something like, ‘your payoff amount is x dollars and this quote is good until…’ That way, you can shop around for a couple days knowing your refinance quotes are fairly accurate.Next, you’ll most likely have to enter into the auto refinance calculator, the new interest rate at which you will be refinancing. This figure varies from lender to lender. There’s no way you can know exactly what this will be without a lending company doing a full check on your employment and credit. So, you’ll have to do some educated guessing. Plus, since you are just window shopping you don’t want to have a bunch of inquiries on your credit report because that will lower your credit scores. This is the last thing you want when you finally fill out an auto refinance application. So call each of the prospective auto refinancing companies, or visit their websites to get an average…..

January 5, 2016

A Reverse Mortgage Calculator: Clarifying Your Retirement Finance Picture

Filed under: Mortgage — Tags: , , , , , , — admin @ 12:47 am

If you are considering a reverse mortgage on your home as a means of helping fund your golden years, you can eliminate some of the mystery about how much you can reasonably expect in the way of a reverse mortgage loan by using a reverse mortgage calculator.
You can choose a reverse mortgage calculator from one of the dozens available online. They all require you to input some data concerning your home’s estimated worth, but are relatively easy to use and will be the quickest way you have of determining if taking a reverse mortgage on your home will be a financially prudent move.The AARP Reverse Mortgage Calcualtor
The AARP–American Association of Retired Persons–website has an extremely user-friendly reverse mortgage calculator; it generates more traffic than any other. The AARP reverse mortgage calculator requires that you supply information on your age, the age of your spouse, your zip code, and the estimated value of your home. By inputting this information into the reverse mortgage calculator, you will be taking the first steps to determine if you want to pursue the reverse mortgage process.
The accuracy of the estimate you receive will depend on the accuracy of the information you give to the reverse mortgage calculator. Reverse mortgages are a form of financing entirely different from traditional mortgages, and while the AARP reverse mortgage calculator gives an estimate based on the current value of your home, other calculators will ask for both the current value of your home and the remaining balance on any existing mortgage you have.
A sophisticated reverse mortgage calculator will be able to factor in information like the total amount of money you would like from a reverse mortgage and the manner in which you wish to receive it–in cash, as monthly payments, as a line of credit, or as all three. After you have supplied the requested information, the calculator will automatically run the figures and come up with a fairly good picture of what you can reasonably expect by taking out a reverse mortgage. For more info see on Reverse Mortgage Brokers.Limits Of A Reverse Mortgage Calculator
A reverse mortgage calculator, no matter how sophisticated, offers approximate mortgage amount estimates for national reverse mortgage programs, and cannot factor in cost variables in your area. Local lenders can add application, originating, closing, and termination fees to your reverse mortgage, and some of them will be accruing interest for the duration of the loan. The amount of money you actually receive will be affected by such fees.

September 19, 2015

Using a Mortgage Calculator Ticks All the Boxes

Filed under: Mortgage — Tags: , , , , , , — admin @ 12:47 pm

Anyone who is thinking of applying for a mortgage really should do a little homework before they begin the process, otherwise you could end up wasting a lot of time and still not find a mortgage that is suitable for you. Even though the home buying market is beginning to change with the tightening of the lending laws there are still many different types of mortgage available and varying rates that are attached to them. If you are looking for the mortgage that is right for you a mortgage calculator is the answer.

Using a mortgage calculator cuts down the time you could spend scouring the internet and brokers looking for the best mortgage deals around as you simply input your details into it and the calculator does the rest for you. Is this too good to be true? – in short no. These tools are fantastic if you want to be in control of your financial decisions without the pressure from a broker or lender – both who will try to get you to buy the products that they want. Using a mortgage calculator you can work out for yourself which are the better deals and which ones you should steer clear of.

When you use a mortgage calculator you will be asked questions in order to assess your financial situation and mortgage requirements. You will be asked to give your name and the name of anyone else who might be applying jointly with you, the amount you wish to borrow, the term you wish to borrow over, the reason you are applying for a mortgage – i.e. buy to let, owner occupied etc and then you will be required to fill in details of your employment and finances. You must be prepared to be honest when using a calculator as the questions and proof of answers relating to your income and expenditure and credit score will be called upon in the final stages of your mortgage application.

Once you have completed the questions on the mortgage calculator you can then calculate the mortgages that are available, in theory, to you. This is often in the form of a list of lenders that could be right for you based on the information that you have put into the calculator. From there you can browse the list of lenders and do further investigation into what they can offer you and which is the best for yourself.

A mortgage calculator is an invaluable tool if you want to be in the driving seat when you are planning to apply for a mortgage, and it can ensure that you don’t apply for mortgages that don’t fully meet your needs. By doing this yourself you know that you are getting totally independent advice as it is you that will be giving that advice! Mortgage calculators can also be used to determine if you can afford to take out a mortgage that is slightly higher or lower than you planned, simply by altering the amount you wish to borrow in the appropriate box. By doing this you really can weigh up how you could manage financially without the pressure of someone working for a mortgage company trying to persuade you to go with them.

So if you are looking for a mortgage that will suit you and you will be able to afford you really should try out a mortgage calculator. You do need to be aware however that using a mortgage calculator is not an offer of a mortgage and any applications you make will be recorded on your credit score and may be turned down.

August 11, 2015

Accurate Mortgage Calculator

Filed under: Mortgage — Tags: , , , — admin @ 12:47 pm

Mortgages are complicated affairs, and finding the right mortgage for you can be a near impossible task. There are so many variables that go into your mortgage payment, it may seem like an impossible task to know exactly what you are going to be paying each much, and for some it is just overwhelming.

Thankfully, this task is made easier with the wonderful, and free online mortgage calculator tool through mortgage calculator This tool allows you to enter in all the information that will be required for you to get a mortgage, including your salary, credit history and more, which then allows the repayment calculator to search through an amazing 5,000 mortgage rates to find the mortgage that will fit best with you and your income level.

Such things as a bad mark on your credit history, or a slightly lower-than-average income, can mean you will end up paying higher interest rates. The sad thing about that is you usually don’t know you are going to pay in terms of interest rates until you apply for the mortgage.

Why not find the best mortgage for you, including the interest rate, by searching through thousands of mortgages to find the best rate for you.

When you buy a car or furniture, do you only go to one store to buy what you want, or do you go and shop around to find what will work best for you? Well, why not do that with mortgages and start some mortgage comparison to get the right price for the right house.

Often, there is a stigma associated with shopping around, however in the terms of mortgage comparison, using the mortgage calculator available on GoDirect means you will not go with a mortgage broker who is going to give you a higher interest rate and monthly payments, you are going to find the right mortgage broker who is going to provide you with the right price for your dream home. This is the home of your dreams, do you really want to pay too much for it and possibly lose it in the future?

Take advantage of the 5,000 United Kingdom mortgage rates available through GoDirect’s mortgage calculator and get the mortgage and interest rates that are perfect for you.

Studies have shown that one of the most stressful points in a person’s life is buying a house. There are often so many variables for them to consider, including the length of the mortgage and interest rates, that it can become overwhelming for some, causing them to lose the excitement they once had for the house.

However, through the use of GoDirect’s mortgage calculator, which searches through 5,000 UK mortgage rates, you can give yourself peace of mind knowing you are getting the best value for your dollar. Mortgage comparison is not being cheap or stingy with your money, it makes solid fiscal sense. It is a big commitment to buy a house, don’t go with a mortgage broker who will overcharge, and find the right one with GoDirect’s mortgage calculator.

December 29, 2014

Saving Money With A Mortgage Calculator

Filed under: Mortgage — Tags: , , , , , — admin @ 12:46 pm

When it comes to mortgages, there are so many different variables that come into play, it’s sometimes hard to know what your payments will be.
A mortgage calculator can save you a lot of money
Even if you already have a mortgage, you might want to gauge how quickly you could repay your mortgage if you increased your payments to a certain amount or the amount you would have to pay each month to repay your mortgage within a certain about out time.
You don’t have to be a mortgage expert to do these calculations. Using a mortgage calculator you can input information about your mortgage and the variable you want to change and find out numbers you are looking for.
Types of Mortgage Calculators
A mortgage loan payment calculator calculates the amount of your monthly payment based on the amount of the loan, the interest rate, points charged by the lender, cost of the loan, and the length of the loan.
By adjusting these factors in the mortgage calculator, you can estimate how your monthly payments will change. For example, if you are unsure of your interest rate, you can test various interest rates to see how your monthly payment will be affected.
Another scenario you can test using a mortgage calculator is how your monthly payment will change if shorten or lengthen the amount of the loan.
Some mortgage calculators allow you to test the amount you can afford to pay for a mortgage.
Into the mortgage calculator you enter your income information, the amount of down payment you would like to pay, debt information, and loan information. The mortgage calculator will return to you the amount you should qualify. The calculator also gives you the monthly payment and tax information for the mortgage you are qualified for.
Finding a Mortgage Calculator
Locating a mortgage calculator isn’t difficult at all. You can easily find one by entering the phrase “mortgage calculator” into a search engine.
The search engine will return several results of websites to you. Look at the different calculators and play around with the functionality offered. offers a mortgage calculator that is fairly easy to use. You can find the calculator by visiting the website and typing “mortgage calculator” in the search box.
In the calculator, enter your mortgage information and monthly payments, and then click the “Show/Recalculate Amortization Table” button. You will be shown a table listing your payments for the length of your loan, along with the principal and interest with that payment and the balance of your loan.
Using Bankrate’s mortgage calculator, you can also calculate the affects of adding extra money to your monthly payment, adding a lump sum annual payment, or a one-time payment during a specific month and year. When you recalculate the amortization table you can see the effect of the payments on your mortgage.
A mortgage calculator is a good way to play with factors associated with your mortgage and see the effect those factors have on your monthly payment and total payoff. If you have a mortgage, or you are thinking about getting one, a mortgage calculator will be of assistance to you

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