Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about financial calculation: 
Housing Affordability: Why the Differences?
January 4, 1999 "My financial planner said I could afford to spend $250,000 for a house, my real estate broker said $280,000 and a calculator I found on the internet said $295,000. How come these large differences?" The affordability calculation is fairly complex ... more...

Lies Mortgage Shoppers Hear
    December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase.  Is there a danger that people won?t tell me the truth?  Any lies I should look out for in particular ... more...

financial calculation related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Settlement Statement, HUD-1
Settlement Statement, HUD 1 Document used by the settlement agent to itemize all charges for a real estate transaction, detailing the final financial settlement and costs paid by both buyer and seller of a property. Settlement Statement or closing document required by HUD ... more...

More about financial calculation

Get Free financial calculation Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Buy To Let Mortgages 'To Let' in Reasonable Capital Growth with Financial Obligation
Every individual needs a home and every home needs an owner. Perhaps you are already a homeowner. If you can afford why not buy a home and let it out on rent. It can be immensely rewarding if you need a loan. Buy to let is when a buyer buys a property to let it out for commercial purposes. ... more...

Options For Building A Rock Solid Saving Plan For Your Kid's College Education
With higher education tuition increasing at double digit year over year percentages an effective saving plan for your kids education is becoming much more important than it has been before. Most families will discover that their future higher education costs will be much more than they have saved ... more...

California Second Mortgages
A mortgage is a long-term loan for a large amount, commonly taken for a property or a house. It is a kind of home loan except that it is termed for longer. Mortgages are available through a bank, private lenders, or property sellers.One advantage of considering a mortgage loan over other kinds of ... more...

Preventing Credit Card Mess
Credit card debts problem is extremely common today. It is usually the first sign of longer term financial troubles. How to manage your credit cards so that you will never fall into credit card mess? There are four pillars in preventing credit card debts problem.First pillar: Proper credit cards ... more...

Real Estate Feasibility Study (Cost Side) - $1.2 Billion Developer Tells You How To Do One
There are two sides to real estate development feasibility study: The Cost Side & The Income Side.I am going to concentrate in this article on The Cost Side.Having told you that a feasibility study is vital when applying for finance, it is however, just another cog in the wheel of the property ... more...

Loan for Unemployed Tenant: Breaking the Vicious Circle of Dependence and Poverty
74.8 per cent of people of working age are unemployed in UK. This is certainly not a pretty picture of modern life. An unemployed tenant is part of this portrait of modern life. Unemployed tenants points to the human dimension of larger issue unemployment.The immediate of reverberations of ... more...

Mortgages for Dummies: Understand and Fix Your FICO Score
FICO stands for Fair Issac and Company; they are a credit agency many lenders use when reviewing your credit. If you have a poor credit rating, these are the people that have designated it as poor.Fair Issac and Company are not required by law to disclose how they calculate your FICO score; ... more...

Use the FHA Mortgage Specifically Created for Home Improvement
Almost everyone knows about FHA mortgages. They are tailor-made for first time homebuyers and others with less than perfect credit or other financial issues. You don't have to be low income or have bad credit to use FHA, but generally the loan limits prohibit high priced homes.What you may not ... more...

Flexible Mortgage Guide
Here is a useful flexible mortgage guide. Flexible mortgages are loans which allow you to increase or decrease the size of your repayments within certain limits. This type of mortgage is relatively new.Flexible mortgages come in all shapes and sizes. The most basic flexible mortgage runs along ... more...

Stupid Ideas Can Ruin Your Financial Life
Stupid ideas come in all sorts of packages. Bad debt, various loans, purchase decisions, and delayed savings. Most people reach the age of 65 with little or no savings. They live off social security and what little else they have. Is it any wonder the golden arches are filled with workers in their ... more...

Return to previous page   More articles on financial calculation
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Current Mortgage Rates
25-Jul-2025
30 Yr Fixed Rate-1.0%
15 Yr Fixed Rate-1.0%
Mortgage Indexes
5/1 ARM-1.0%
3/1 ARM-1.0%
CODI-1.0%
COSI-1.0%
12 MTA-1.0%
COFI 11th District-1.0%
COFI Federal-1.0%
12 Month LIBOR (USD)-1.0%
1 Year CMT-1.0%
Market Indexes
WSJ Prime Rate-1.0%
FNMA 15y Fxd Yld-30d-1.0%
FNMA 30y Fxd Yld-30d-1.0%
Federal Funds-1.0%
30 Year Treasury-1.0%
Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009