Check online, and you can find any number of handy “how much house can I afford?” calculators. These calculators will take your income, monthly debt payments, and estimated homeowner expenses to figure out how much money a bank might loan you for a home. The important thing to remember about these calculators – and sometimes… Read More
As you shop for a house and consider taking out a mortgage, determining your house payment can no doubt be a time-consuming process — running calculations, getting updated payment scenarios from your mortgage company, and determining whether or not you can qualify. What you might not realize is that there’s an easier way to calculate… Read More
Given the number of improvements in many areas of the housing market in the last year or so, it should come as little surprise to observers that borrowers once again successfully slashed both their mortgage debts and instances of late payments in the third quarter of the year. National delinquency of home loans that were… Read More
While the housing market has been somewhat rocky in the last several months, there have generally been improvements, and that trend continued into the second quarter of the year. The number of first-lien home loans nationwide that were current and performing through the end of the second quarter climbed to 88.7 percent, up from 88.1… Read More
Sometimes consumers face significant financial emergencies that they cannot avoid, such as medical problems or car trouble that can take a huge chunk out of their monthly budget. The result of these financial difficulties can be that, at the end of the month, they simply might not have enough money on hand to pay their… Read More
What is the process/requirements to have the PMI removed from your mortgage payments? My mortgage note if fairly high, however $398.00 of it is PMI. Can you tell me how I can have this removed?