What The Heck Is ‘DCR’ And Why Should Real Estate Investors Care?
I get this question from time to time, as DCR isn’t as commonly known as some real estate investors might think. It stands for Debt Coverage Ratio ... loan amount. On your handy dandy loan calculator, mine is and will forever more be an HP 12C ... . It’s ratio of Net Operating Income to total annual Debt Service (a year’s loan payments [more...]
Date: 2009-01-11 00:32:23
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Videos
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Loan Modifications Principal Reductions
How to calculate debt to income ratios or DTIRs for a loan mod I made this video to show you how to calculate DTIRs, which are the most important thing lenders pay attention to in determining [more...]
Date: 2009-01-07 13:27:51
Mortgage Rates - Mortgage Home Calculator
It’s really a jungle of information out there. For beginners or first-time home buyers, home mortgage loan should work just any other loans, ... on your debt-to-income ratio. If you make barely enough to cover for your debts, you’ll have to pay a higher home mortgage rate. Compare this to someone who takes home a monthly income that far surpasses [more...]
Date: 2008-10-29 19:52:45
Renting vs. Buying using a Mortgage Interest Calculator | ArticlesBase.com
You can use a mortgage calculator to figure out your borrowing power with the bank and they’ll tell you exactly what you can afford. The bank uses a formula that you might have heard of called your debt to income ratio. view source [more...]
Date: 2009-07-28 19:02:19
Use A Mortgage Calculator To Find The Best Deals
by Dan Winters The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. Interest only payments do not include any form of repayment vehicle such as an ISA or endowment or any life cover costs. The mortgage repayment cost includes capital and interest payments but makes no provision for life cover costs. Interest rates can fluctuate during the course of a year. [more...]
Date: 2009-07-22 09:58:46
Save Time And Money By Using A Free Mortgage Calculator
by James Simmons The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. UK mortgage calculators can help to work out the interest burden. Mortgage calculator results are supplied for estimating purposes only and should be verified by your lender of choice. Mortgage Calculator Pro is a quick and easy to use calculator for brokers, realtors, and home buyers. [more...]
Date: 2009-07-23 08:37:20
Save Time And Money By Using A Free Mortgage Calculator
by James Simmons The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. UK mortgage calculators can help to work out the interest burden. Mortgage calculator results are supplied for estimating purposes only and should be verified by your lender of choice. Mortgage Calculator Pro is a quick and easy to use calculator for brokers, realtors, and home buyers. [more...]
Date: 2009-07-26 09:25:28
September 9 2009: A crime that will forever go unpunished
Dorothea Lange The Road June 1938 Outskirts of El Paso, Texas. "Young Negro wife cooking breakfast. 'Do you suppose I'd be out on the highway cooking my steak if I had it good at home?' Occupations: hotel maid, cook, laundress" Ilargi: Whenever I try to avoid the subject of Fannie and Freddie these days, I seem to get drawn right back into the topic of troubled US states. And when avoiding them, somehow I'm back with Fan and Fred. Got to go with the flow,I guess. [more...]
Date: 2009-09-09 04:01:00
Mortgage Modification Qualifications
by Donald Claus US mortgage industry has never witness a worse scenario with more than 1 million mortgage debtors looking for mortgage modification process to prevent property foreclosures. Decreasing value of US homes and stricter guidelines by investors have brought many homeowners across the country in a no go situation. It has become extremely difficult for the borrowers to either refinance or sell their homes. [more...]
Date: 2009-07-20 09:37:46
Receiving A Mortgage Modification
by Donald Claus US mortgage industry has never witness a worse scenario with more than 1 million mortgage debtors looking for mortgage modification process to prevent property foreclosures. Decreasing value of US homes and stricter guidelines by investors have brought many homeowners across the country in a no go situation. It has become extremely difficult for the borrowers to either refinance or sell their homes. [more...]
Date: 2009-07-27 15:51:41
Receiving A Mortgage Modification
by Donald Claus US mortgage industry has never witness a worse scenario with more than 1 million mortgage debtors looking for mortgage modification process to prevent property foreclosures. Decreasing value of US homes and stricter guidelines by investors have brought many homeowners across the country in a no go situation. It has become extremely difficult for the borrowers to either refinance or sell their homes. [more...]
Date: 2009-07-18 08:43:18
Receiving A Mortgage Modification
by Donald Claus US mortgage industry has never witness a worse scenario with more than 1 million mortgage debtors looking for mortgage modification process to prevent property foreclosures. Decreasing value of US homes and stricter guidelines by investors have brought many homeowners across the country in a no go situation. It has become extremely difficult for the borrowers to either refinance or sell their homes. [more...]
Date: 2009-08-08 10:28:54
Mortgage Calculators - 3 types of computers and their benefits
Selecting a mortgage without the help of a computer can cost thousands of dollars. That is why it makes sense to use one before committing. Here is a brief description of the 3 types of mortgage calculators and benefits of their use. Accessibility lt;strong> Calculator A good way to start or not knowing whether what is proposed is your ability to pay. To answer this question, you need to know what would be the monthly payment on a loan project. [more...]
Date: 2009-06-12 14:13:44
How Do You Get a Mortgage?
Are you seeking to buy your first home because the journey to purchase your first home can be quite daunting and overwhelming? Are you considering a fixed year mortgage, an ARM (Adjustable Rate Mortgage) or a Interest-only payment? Do you have good credit or bad credit? All of these questions will arise in the process of obtaining the mortgage that you want because considering the incredible variety of mortgage loan options that are available on the market today factor in. [more...]
Date: 2009-09-04 14:15:36
The Truth About Home Equity and Home Loan Equity Mortgage Calculators
by Matthew Sanz There are several aspects you should be conscious of when buying a home and those include your home equity, debt-to-income ratio, terms and varying interest rates. Let home loan equity mortgage calculators help you with your real estate concerns. Home Equity: What is home equity? It is often defined as the current market value of a home subtracted by the outstanding mortgage balance. Basically, it is how much you own your home over a period of time and accumulation of payments made. [more...]
Date: 2009-07-13 13:13:14
Update: iMortgage Calculator (finance)
iMortgage Calculator 1.2 Category: Finance Price: $0.99 ( iTunes ) Version: 1.0 -> 1.2 Description: Coming Soon: In the 1.2 release of the iMortgage Calculator, you can now enter your yearly gross income along with other debts, to estimate your potential monthly savings and your debt-to-income ratio. The new version of the application will also allow you to generate a PDF file containing an “Expenses Summary” that can be e-mailed for later review after exiting the application. [more...]
Date: 2009-08-27 03:26:34
Should I Buy A Home? Part 1: Preparation
I am considering buying a home, although I have not made up my mind on the subject. This is not due to indecision, but rather due to a lack of necessary information. There are many factors to be considered in my case, and in order for me to make an informed decision about buying, I need to solve for several variables involving cost. My questions to you involve what steps I can take to solve those variables. [more...]
Date: 2009-08-11 14:00:00
The Truth About Home Equity and Home Loan Equity Mortgage Calculators
by Matthew Sanz Buying a new home requires a lot of aspects to consider. These would include your home equity, debt -to-income ratio, terms and varying interest rates. Let home loan equity mortgage calculators help you with your real estate concerns. Home Equity: Home equity is often described as the current market value of a home subtracted by the outstanding mortgage balance. Basically, it is how much you own your home over a period of time and accumulation of payments made. [more...]
Date: 2009-07-12 07:16:04
Use A Mortgage Calculator To Find The Best Deals
Jul 23rd, 2009by Dan Winters. by Dan WintersWhen you’re learning about something new, it’s easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points concerning UK mortgage calculators. You need to select the right loan for you and be approved for it. But by using this early mortgage pay-off calculator you can see your total saving resulting from paying off early. [more...]
Date: 2009-07-23 11:19:58
Save Time And Money By Using A Free Mortgage Calculator
by Diane Stoke Have you ever wondered if what you know about UK mortgage calculators is accurate? Consider the following paragraphs and compare what you know to the latest info on mortgages. UK mortgage calculators can help to work out the interest burden. Mortgage calculator results are supplied for estimating purposes only and should be verified by your lender of choice. Mortgage Calculator Pro is a quick and easy to use calculator for brokers, realtors, and home buyers. [more...]
Date: 2009-07-30 14:46:30
Use A Mortgage Calculator To Find The Best Deals
by Dan Winters When you’re learning about something new, it’s easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points concerning UK mortgage calculators. You need to select the right loan for you and be approved for it. But by using this early mortgage pay-off calculator you can see your total saving resulting from paying off early. [more...]
Date: 2009-08-01 16:54:01
Rule of Thumb For Reasonable Housing Costs?
In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]
Date: 2008-09-10 13:58:59
What You Need To Know About Home Equity and Home Loan Equity Mortgage Calculators
by Matthew Sanz When buying a home, there are several things you may need to consider. Some of these financial points you have to consider would include your home equity, debt-to-income ratio, terms and varying interest rates. Let home loan equity mortgage calculators help you with your real estate concerns. Home Equity: What is home equity? It is often defined as the current market value of a home subtracted by the outstanding mortgage balance. [more...]
Date: 2009-07-12 07:14:06
Home Equity Loans for People with Bad Credit
It’s often said that your home is your biggest investment and that it represents the largest part of your wealth. If that’s true, why is it so hard to get to the money? In fact the only way to access the ‘wealth’ in your home is to borrow it out through some kind of refinance. If you happen not to have the best credit, the only way you’re getting to that money is through a home equity loan for people with bad credit. The question is going to be whether you qualify for such a loan. [more...]
Date: 2009-08-17 13:51:14
How to Apply Online for a Mortgage Loan | ArticlesBase.com
How to Apply Online for a mortgage Loan The Internet has transformed many aspects of the real estate and mortgage loan industries. More info Visit Here http://grant-information.blogspot.com These days, you can take virtual tours of homes, track property listings online, and even apply online for a mortgage loan. Consumer empowerment is always a good thing. But there are certain things you need to know before you apply online for a home mortgage loan. [more...]
Date: 2009-08-12 07:16:47
Money, money, money
After four failed ventures, today Kamesh Waran is reaping the benefits of all the “costly mistakes he took in life – whether it be ... you to get out of the “rat race” by building up one’s passive income. All you need is a calculator ... . Proof of the fact is what people of different age groups have to say: One person’s income [more...]
Date: 2008-12-18 14:27:32
Debt Rattle, November 18 2008: He'll Have To Go
John B. Trevor The Century Ahead 1921 Trevor family trip through western United States Ilargi: I’ll make way today for something my partner in crime Stoneleigh wrote a few days ago as a comment on Garth Turner's site, GreaterFool.ca. Coincidentally, they're supposed to meet today for the first time, somewhere in southern (?!) [more...]
Date: 2008-11-18 19:44:54
Economic Main Street Manifesto: 10 Reasons how this Bailout Fails the Middle Class American Worker.
The question that most Americans have on their mind about this historical government intervention is whether this program is ultimately going to work. In short, no. In this article I’m going to highlight 10 major reasons why this global intervention is nothing more than stitches on breaking economic flesh from preventing the world from going [more...]
Date: 2008-10-15 06:25:20
What are Home Loan Jobs
by Ethan Hunter Most people sitting in a loan companies office isn’t thinking about working there - but there are some people, perhaps you yourself, ... to debt ratio, you find a serious challenge. Having ... with a calculator? Was math an easy subject in school for you, and did you breeze through it while others [more...]
Date: 2008-07-08 11:30:10
Charles Kirk Interviews Jeff Miller, A Dash of Insight
Jeff is traveling, so we are republishing his recent interview from the Kirk Report, one of our featured sources. The Kirk Report is an excellent investor resource, with many specific stock ideas for members. Charles Kirk also reads very widely and provides regular links to articles we might otherwise have missed [more...]
Date: 2008-11-26 17:10:46
Debt Get Out of - are You Financially Dyslexic?
To be honest, I started writing this article around a keyword that I wanted to capture attention for, which is “debt get out of” ... the credit card companies will push when someone gets into the debt get out of situation. * Debt ... of 2001-2006, but these days, debt consolidation loans are difficult to qualify for. Unsecured debt [more...]
Date: 2008-12-19 04:00:45
50 Ways to Save $1,000 a Year
Looking for ways to save money this year? Want to boost your savings in a tough economy with little effort or pain? Good. I’ve got 50 (fifty) ... of loot. Raise Deductibles. Get out your policy and raise the deductibles on your car and home ... your insurance costs by about 40 percent. Buy a Cheaper Car. Pimping in a flashy vehicle? A smaller [more...]
Date: 2008-09-03 03:37:35
A Fool's Errand: Stabilizing House Prices
Yesterday there was a news article on MSNBC that claimed 1 in 6 now owe more on their mortgage then their property is worth ... for borrowers in financial trouble to refinance or sell their homes and pay off their mortgage if their debt ... to Zillow the median household income in the area is about $46,000 while the median home price [more...]
Date: 2008-10-09 07:36:00
Mortgages: How much can you afford?
The American sub-prime crisis has rippled across the pond so that Britain too is feeling its ill effects ... lenders will try to work out a debt-to-income ratio so that they can work out how much you can afford ... taking on ever increasing levels of personal debt, many of those people were unable to pay back [more...]
Date: 2008-12-03 04:24:04
Mortgage Rates - Home Purchase Mortgage
For beginners or first-time home buyers, home mortgage loan should work just any other loans, be it a personal loan or a commercial loan ... on your debt-to-income ratio. Things like credit card debt, car loans, student loans, and loans for other home mortgages will be taken into account. Compare this to someone who takes home a monthly income [more...]
Date: 2008-10-28 14:10:35
Free Helpful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?
My take on this bill is that it will be a another government run fiasco ... be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... the new program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]
Date: 2009-01-15 07:36:03
110 Financial Calculators: Fast Answers to Your Money Questions
Have you ever wondered how your salary compares with others in your profession? ... about how to accelerate your debt payoff? Curious what it will take to save your first million ... a graphing calculator, abacus or legal pad. You don’t even need to count your fingers and toes. Simply click [more...]
Date: 2008-12-03 05:22:28
Why You Should Use A Home Loan Calculator
by Ray Lam Getting yourself a home loan calculator is the first step you need to take if you want to get the best type of loan ... programs allow a borrower to calculate various ratios like the debt-to-income ratio in different payment ... calculator first. The amount of money you have available for down payment impacts on all aspects [more...]
Date: 2008-07-17 02:24:43
21 Key Real Estate Analysis Measures & Formulas
By James Kobzeff A must-have article for anyone involved with real estate investing; ... ) - Cash flow before taxes is net operating income, less debt service and capital expenditures, plus ... because they require a financial calculator or investment real estate software to compute [more...]
Date: 2008-12-18 10:03:26
4 Steps To Finding The Perfect Loan At The Perfect Rate
Find a loan, which is not always easy. The 4 following steps help you make your way through this time of stress and often make life a little easier for the borrowing. STEP 1 Receive your credit information The 1st thing we want is to the credit agreement. It is the most important step, PLEASE, then you can get a favor and not to skip! [more...]
Date: 2008-11-11 09:22:07
Home Mortgage Rates - Mortgage Home Calculator
For beginners or first-time home buyers, home mortgage loan should work just any other loans, be it a personal loan or a commercial loan ... on your debt-to-income ratio. Things like credit card debt, car loans, student loans, and loans for other home mortgages will be taken into account. Compare this to someone who takes home a monthly income [more...]
Date: 2008-11-09 22:46:46
How Much Debt is Too Much? And other cool links.
Any debt is too much, silly! This is for those of you who have never gone to the trouble to figure out where you are with your debt-to-income ratio ... your rear end off to get rid of the debt. If nothing else, this very, very quick exercise will at least get you thinking about how much you owe. Ok, here is the debt-to-income calculator [more...]
Date: 2008-12-03 19:00:00
Useful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?
My view on this bill is that it will be a dismal failure ... must be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]
Date: 2009-01-15 16:06:21
Four Items You Must Do When Buying a Home
by Patricia Quinn Buying a home will be one of the biggest financial purchases you may ever make ... you with this step. 4. Check your debt-to-income ratio. Mortgage lenders like to see a borrower’s debt at (or below) 20% of net monthly income. If your debt exceeds 20% of your net monthly income, try to pay [more...]
Date: 2008-11-07 20:02:35
Paying for undergrad.
I'm looking at attending Boyce college (SBTS) and then going on to a Reformed seminary for a M.Div ... your student loans. This corresponds to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly ... some financial difficulty.This corresponds to a debt-to-income ratio of 1.1. [more...]
Date: 2008-10-14 19:05:40
Real Estate Analysis Measures & Formulas
Successful real estate investing requires a savvy understanding of several key financial measures and formulas ... calculator or investment real estate software to compute. 1. Gross Scheduled Income (GSI ... not include debt service, income taxes, or depreciation. Example: $18,525 5. Net Operating Income [more...]
Date: 2008-12-16 20:38:43
FDIC Insurance Coverage: Limits and Strategies
recent history of bank failures in the United States. Unfortunately, just over a week later, the graphic that I put together is already out of date… Just yesterday, the FDIC announced that two more banks failed: The 28 branches of 1st National Bank of Nevada and First Heritage Bank N.A [more...]
Date: 2008-07-24 10:06:53
Homeownership Philosophy Americans Believe In Deeply Flawed
"NON-reviewable" "Non-REviewable" "Non-reVIEWable" "Non-reviewABLE" This is what you would see today if you could look inside my brain ... is the amount of the mortgage payment divided by the income, is a whopping 59% The back end ratio ... - $240,000. I don't know if any of you own a mortgage calculator, but a $228,000 loan at 6.375%, which [more...]
Date: 2008-09-23 05:30:00
Home Loan Jobs For You
by Ethan Hunter Sadly, many people who work for loan companies are unsatisfied with the job, ... and with a calculator, then you could put those to work for you in a lender position. Perhaps you loved math in school ... a homeowner. However, upon looking at the income [more...]
Date: 2008-07-08 11:24:20
Stuff does not equal wealth
People often say to me about someone else they know: "He's got a lot of money," or "They're loaded." Does that sound all too familiar? ... , or, what's the nature of that person's personal balance sheet? Are the assets encumbered by debt [more...]
Date: 2008-11-17 15:03:55
