mortgage

How To Get A bad Credit Loan

http://911credittips.blogspot.com

Best Credit Cards To Get
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Quicken Loans Home Buying – Dana Staniec Mortgage Banker

In this video, Quicken Loans clients, Rick and Deanne from Texas, talk about their home buying experience with Quicken loans. Dana Staniec, their mortgage was very responsive and helped make this a very easy process buying a house. The Tate’s would recommend Quicken Loans to anyone.

Duration : 0:1:18

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Mortgage Amortization Calculator Quicken Loans

http://www.quickenloans.com/calculator

Ever wonder how much interest you pay over the life of your mortgage? Ever wonder how much an interest rate affects how much money you pay over the life of your mortgage? Ever wondered how much you could save it you made extra payments on your mortgage?

Well, wonder no more!

With Quicken loans new mortgage amortization calculator, you can get all of this great information in just seconds.

Here’s how our mortgage amortization calculator works:

Step 1:
Go to http://www.quickenloans.com/calculator

Step 2:
Enter your current (or desired) loan amount, choose a term of 15 or 30 years, enter your desired interest rate (such as 4%), choose your state and then hit the Calculate button

Step 3:
In a few seconds we’ll show you a chart that shows your interest and principal payments over the life of your loan. The gold area are your interest payments, and the red area your principal payments. You can see how much of both you pay at any time during you loan. Plus you’ll see every month’s individual payment explained below the graph.

Pretty cool, huh? You haven’t seen anything yet.
This is where it gets interesting.
Step 4:
Go back to your inputs and add an extra payment. You’ll be surprised how it changes your results. In this example we’ll pick an extra annual payment that’s exactly the same as the monthly payment. So, basically, you’re paying 13 mortgage payments a year instead of 12. If you did this, you’d save over $23,000 in interest and have 51 less months of payments! You can change the extra payment to be a one-time only payment or even a monthly payment. Play around with the numbers. You’ll be shocked at how even making an extra $50 payment each month toward your principal can change your numbers over the life of your loan. Paying a little extra now is like investing in your future. You’ll have more money later to enjoy life — and isn’t that what it’s all about?

Now here’s the best part of all. We’re about to find out how lower interest rates allow you to pay tens of thousands of dollars less on interest.

Step 5:
Once again, let’s go back to our inputs, but now let’s change our mortgage rate. Keeping our same numbers, let’s try a different rate. How about 7%? Wow. The monthly payment on a 200k mortgage at 7% is $1,330.60. Compare that to the 4% payment we just saw that was $985. Same loan amount. Just a different rate. It’s amazing how much the rate can affect your monthly payment. Let’s really get crazy now and put in the rate that was available in 1980. 18%. I’m almost afraid to see the results.
Oh my. The payment on a $200,000 mortgage at 18% is over $3,000. Let’s put this one to bed forever and be very grateful we’re not living in 1980.

Try some other rates at your leisure. Put any number in you want. 4.25, 9.99, whatever.
It’s really interesting to see, in one place, how much your rate will affect what you pay for your mortgage, both monthly and overall. This hopefully shows why refinancing to a lower rate is such a smart idea. If you can refinance and lower your payment just $50 a month, you could actually take the $50 and put in back in your mortgage as an extra payment (as we did in step 4) and potentially save yourself thousands in interest!

That’s it. Hope you enjoy the Quicken Loans mortgage amortization calculator as much as we do. Use it to help plan your refinance or your next home purchase. The more you know about your mortgage, the better decision you’ll make when you’re ready to move forward.

Thanks for spending your time with us. Have a great day!

Duration : 0:3:49

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The Mortgage Loan Process

So you’ve got your home offer accepted, now what? We’ll explain the loan process, step by step, so you know what to expect when your mortgage is being processed while you await a closing date.

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Quicken Loans Refinance Lousiana – John Moga Mortgage Banker

Quicken loans client John, from Lousiana, discusses how his banker, John Moga, helped him through a sudden divorce. John’s banker called him after every court date to check in and he updated him about custody agreements and property settlements. After the property settlement papers were signed, John called his banker and he was approved for the loan fifteen minutes later. From communicating with the client care specialist to setting up dates for closing, John’s expererience with Quicken was the most pleasant and easy he’s ever dealt with at the commercial level.

Duration : 0:3:27

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Home Equity Loans

http://www.homeequityabc.com/ : A home equity loan means borrowing money from a bank against the equity that you currently have in your home. The equity is the value of your home minus the amount of the mortgage that you have.

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NBR | Risks of Negative Amortization Loans | PBS

http://www.pbs.org/nbr/site/features/special/subdir/money_profiles_1_exotic_mortgages/
PBS Airdate: April 21, 2010
Nightly Business Report profiles a homeowner who was surprised by risk factors of a negative amortization mortgage loan.
For more information visit:
http://www.pbs.org/nbr/site/features/special/subdir/money_profiles_1_exotic_mortgages/

Duration : 0:4:10

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Quicken Loans Millionth Closed Loan

Quicken Loans just closed its millionth loan (but THERE IS STILL TIME to qualify for your mortgage to be paid off with the Thanks a Million Giveaway https://www.quickenloans.com/about/thanks-a-million ).

See the high-tech loan counting approach we took and meet the lucky clients behind our millionth closed mortgage. See the story from the eyes of the guy who counted the loans and the clients who closed that loan. Above all, thank you America, for one million closed loans.

Duration : 0:5:54

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Loan Modification, Home Loan Modification, Mortgage Loan Modification, Mortgage Modification

http://realestatemarketingthisweek.com/real-estate/congressman-barney-frank-is-calling-for-the-restructure-of-the-loan-servicing-business/ – Congressman Barney Frank is calling for the restructure of the loan servicing business –

Part 2 – Well, in the past we have talked a lot about loan modifications and since the first time we started talking about loan modifications the whole space has changed. Everything about loan modifications since our very first broadcast talking about it, we don’t talk about it every week, but we do talk about it allot. It has changed so much, when we started anybody who had a significant hardship, or financial hardship, or had one of these toxic mortgages, that had adjusted, would be able to qualify for a loan modification. These things have changed all of a sudden, and not all across the board. Brett you made a comment earlier that people are concerned that once these servicers do these modifications they could be subject to lawsuits right?

Yes, it is amazing how quickly things have changed over the course of the last couple of weeks, it seems this information, and this news is changing almost hour by hour, at this point one of the things that came out regarding this mortgage modification program is from Barney Frank, “Congress should act to restructure the servicing of home mortgages.” So the idea is that they are catching on to something that you and your team at velocity financial were ahead of the curve on in terms of loan modifications.

Knowing that those rules for a hardship and why you are entitled to one have definitely changed. Now it is more of a situation where in order to stop foreclosure, to stop the problems associated with this mass foreclosure market place, modifications are being talked about amongst the banks now. Barney Franks comments today, he stressed how these voluntary inducements to get these private entities to protect homeowners from the government has fallen short, and Hank Paulson has fallen short of putting their weight behind this concept.

Although I personally believe that is the next evolution of this. Loan Modifications are a critical step for people who are feeling this economic crisis, and for people who want to stay in a home, for people who need this type of assistance. The idea is you have a short window of opportunity here before something else significant changes where you may no longer be entitled to.

You heard Citigroup, you know this we talked about it, Citigroup came out and made the announcement that they were going to suspend their pursuit of foreclosures in certain areas of the country that have the highest unemployment rate, that was the caveat. We will see how big the scope of that gets, but the whole idea is for you as a mortgage owner, as a home owner with a mortgage, if you need to establish a modification to an existing loan, in order to have more favorable terms in interest, a more favorable monthly payment, a way to keep that home, you have to look at this option.

Yes, and I appreciate you saying that one of the things that Citigroup announced they were going to be doing was giving people teaser rates of 1%. Look anybody with a brain can realize that that is ludicrous. What got us into this situation in the first place was huge banks, just like that one, giving people toxic mortgages, with fake interest rates, and pick your own payment, do whatever the heck you want to. It is exactly what they are trying to do again.

Essentially what they are talking about is giving people a short window of a very low interest rate, but they are going to be back in the same situation in the future. That’s why the loan modifications that we do, that we hire on your behalf, the national network of attorney’s that we use. We go for the throat, we are not looking to get you a 1% interest rate for the next 12 months. We are looking to get you a lifelong, or for the term of the loan if possible, the very lowest interest rate available, and fix it or extend the term so you can actually sustain that payment well beyond the short term.

One thing I want to point out before we have to go to a break, if you know of anyone out there, that has a GMAC mortgage, whether it be a GMAC first mortgage or second mortgage, you have got to tune in to the second segment you are not going to believe this scam that’s out there, going against people with these loans… http://realestatemarketingthisweek.com

Duration : 0:5:49

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Mortgage Refinance & Debt Consolidation Video | Bills.com

http://www.bills.com/videos/
Is refinancing your mortgage the best way to pay off your credit card debt? This mortgage refinance video from Bills.com reviews the pros and cons of this option. Visit Bills.com for more personal finance advice and information.

Your home is the largest asset most people will ever own. As the value of your home increases, it’s tempting to tap that equity to pay off credit card debt. This can be a good idea, but it can also be dangerous to your financial future if you’re not careful. Andrew Housser, co-founder and CEO of Bills.com, reviews the four primary considerations before applying for a mortgage refinance loan to consolidate debt.

Duration : 0:2:20

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