Managing your Mortgage
http://homeloanlearningcenter.com/MngYourMtg/commonlifesituations.html
This site is very helpful mainly because it gives you information about problems you may have after purchasing your home. For example if you run into financial difficulties, what can you do to still make your monthly payments?
Mortgage Help 101
http://www.mortgage101.com/
Mortgage 101 is like a preparation class in understanding real estate and mortgage. This website will answer all of your questions from A to Z. This site helps with questions such as what is fixed rate, adjustable rate, should I buy point, what is an APR and how it works, mortgage loan types available to you.
Interest Rates
http://www.mortgage101.com/Rates/Index.asp?p=mtg101
This is an excel link in the mortagage101 website. It is beneficial due to the fact that it helps you in figuring out your interest rate based on your credit score. You can figure out your interest rate in 30 years fixed or adjustable, 15 years fixed or adjustable, and even helps you figure out if you should buy points or not.
http://www.mortgage101.com/Articles/RateTrends.asp?p=mtg101
This link is for staying on top of the market interest rate. It has a graph that shows you interest rates and change as they occur. Also, the calculations are done for every state (today's rate, change, high average, and low average).
About Interest Rates
http://www.mortgage101.com/Articles/InterestRatesOverview.asp?p=mtg101
This site is very beneficial; it mainly helps you understand interest rates, what APR is and how it works, and what it means to lock in rates.
http://www.mortgage101.com/Calculators/Refinance.asp?p=mtg101
This calculator figures your monthly savings and also compares your principal balance in years with and without refinancing. Based on your total cost to refinance, a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation.
Should I Refinance
http://www.mortgage101.com/Articles/Refinance.asp?ArticleID=1119&p=mtg101
This is a great tool to use for your benefit. It helps you understand equity and how to make money rather than lose money on your property.
http://www.mortgage101.com/Articles/Refinance.asp?ArticleID=1118&p=mtg101
What does it mean to refinance and get cash out of your property? This site helps you make a smart decision when it comes to refinancing.
Build home Equity
http://www.homegain.com/sp/ae_intro.html?entryid=5563&mod=1&nopopup=1
Finding a great realtor is within reach. This website helps you find a realtor that will work with you whether you are selling or buying. You can choose from thousand of experienced realtors who will work with you to achieve your goal.
Refinance to Get Cash
http://www.homegain.com/home_prices/index?entryid=5561&mod=1&nopopup=1
Thinking about selling your home? Do you know what your home is worth? Use a FREE real estate evaluation service to see local property values and get a free home value estimate within 60 seconds.
Tax Benefits
http://www.mortgage101.com/Calculators/TaxBenefits.asp?p=mtg101
This calculator estimates the tax benefit of buying a home. Once you Input your loan parameters and the month you purchased the home it will itemize deductions to calculate the estimated tax benefit of purchasing your home.
List of Lenders
LendingTree.com (1-800-411-TREE)
These lenders look for banks to provide you with the right loan that meets your need. This is great for people who are too busy to look for lenders. No matter what state you live in LendingTree can help you find a lender.
Mortgage Dictionary
http://www.amo-mortgage.com/library/def.htm
This is an education website that mainly defines real estate terms to help you better communicate with your lenders and agents. After studying the website, you'll have an understanding of the terminology used in the business as well as self confidence.
It also covers mortgage tools, resources, and directories.
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