Mortgage Calculator Tips: 2005

Sunday, December 18, 2005

Mortgage Calculator Tips Partner adds Pages to Site

Mortgage Calculator Tips Partner www.financingmichigan.com has increased it's website content to include more michigan mortgage information on a wide range of topics to help anyone searching in michigan on mortgage related issues. It's a simple and clear website to follow and not confusing like so many on the web nowadays. To visit their site map go to Site Map to see all their newly added pages.

Thursday, December 08, 2005

New Direct email Sign up form!

Mortgage Calculator Tips has added a direct email sign up form to receive the latest post on the Mortgage Calculator Tips Bloger. Everytime a post is made you will rceive an email notifying you of that post. Just insert youe name and email address in the upper right hand corner in the form field and your all signed up!

Saturday, November 12, 2005

Student Loan Calculator

Mortgage Caculator Tips website has just added a new page on their website about student loan calculators! If you or someone you know is consdidering going to college or some form of higher education; you can calculate what that cost will be on a student loan calculator. Once you know what that cost will be you will know if and how much of a student loan you will need! This is critical for your educational planning. You can go directly to the page at Student Loan Caculator.

Friday, October 07, 2005

Reverse Mortgage Calculator

Use a Reverse Mortgage Calculator to Determine Your Home’s Worth!

A reverse mortgage calculator can help you determine how much money you can get from your home. If you do not already know, a reverse mortgage is where you can take out a loan against your home that does not have to be repaid as long as you live there. It is dependant on age, home value, and current interest rates. A reverse mortgage calculator will use these three factors to tell you what kind of a loan you can get from various places.
This is important because the value you can get from each lender can differ greatly. For example, you may get $120,000 from HUD but only $30,000 from a competitor! A reverse mortgage calculator can assist you in determining which company could give you the most for your home’s equity.
Not only to do have to decide between different companies but you also have to choose a loan type as well, which a reverse mortgage calculator can help you do. The three types are:
- An immediate flat cash or credit line advance - this is one flat payment to use whenever you want. You can receive it as cash or as a line of credit.- A growing line of credit - This is like having your money in savings account. You will receive interest on unused money in the account. In 10 years a $120,000 loan could turn into $214,000!- A monthly cash advance - this is a flat rate given to you in monthly installments.
A reverse mortgage calculator will tell you which type may be best for you. It can even tell you how much your growing line of credit will blossom after a certain number of years.
If you are aged 62 or older, you should consider checking out a reverse mortgage calculator to find out just how profitable your property could be to you.

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