How Do I Calculate My Mortgage Payment Without Using A Mortgage Calculator?

March 28, 2010 by · Leave a Comment

Calculating an exact mortgage payment without a calculator on a loan is no small task, but there are some simple rules-of-thumb you can use to get a close estimate. With the exception of the MIT Blackjack Team, performing this type of complex math in your head often leads to frustrating rants. When coming up with […]

Do I Have To Continue Making My Mortgage Payment If My Lender Goes Bankrupt?

March 28, 2010 by · Leave a Comment

When mortgage banks go out of business and are essentially taken over by the FDIC, homeowners are left wondering if they still need to make a monthly payment. Great thought, and a very common questions for many borrowers in 2009 and 2010. The short answer is YES, you still have to continue making mortgage payments […]

Shopping For A Hazard Insurance Policy

March 28, 2010 by · Leave a Comment

When shopping for a hazard insurance policy, something called “bundling” can actually save you quite a bit of money that most people aren’t aware of. Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their hazard insurance policies to attract homeowners who need […]

Who Owns My Home If I Have A Mortgage?

March 22, 2010 by · Leave a Comment

Many borrowers believe that when they purchases a property by obtaining mortgage financing, they also own their home. Technically speaking, full ownership on a property is only happens once the mortgage loan amount has been paid in full. To break this down in more detail, there are a few components of a mortgage: A Promissory […]

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