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This calculator will amortize your mortgage over the loan period based on your input. To see a breakdown by payment, select the Full Loan Amortization box.

Calculations offered are only estimates that can be used to evaluate the potential costs of satisfying a loan. A number of factors can alter the true costs of a loan over time, including penalties for late payments, reduction in capital as a result of early payments or payments over the minimum and other fees and charges that may be added into a financing arrangement. Refinancing or adding a home equity loan or line of credit can increase the total number of monthly payments and the total amount paid out when compared to the initial estimated costs. Consult a tax advisor for information on the deductibility of interest for tax purposes.

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What To Do When Mortgages Default

Mortgages default every day in the world and they are just a normal part of the business for mortgage lenders. There are a certain number of mortgages that will default every year and it is planned for accordingly. While it is common business practice for lenders, it can be devastating for you individually. If you default on a mortgage, it can ruin your credit and your financial outlook for the future. Mortgage default is a major setback for you, but it is not the end of the road. If you are faced with a default on your home, you can take measures to get back in good standing with the lender. more


3 Common Short Sale Mistakes

A real estate short sale can be a win-win situation for everyone involved, but there are common short sale mistakes to avoid if you want to close the deal. more


What Lenders Don't Reveal About Home Equity Loans

It is important to understand the truth about home equity loans so that you don't run into future problems. Lenders may not tell you the entire story when you seek to borrow on the equity of your home. Before you consider taking this step, consider the following information about home equity loans. more


FHA Eligibility with Bankruptcy and Foreclosure

FHA mortgage loans require borrowers to wait three years after a foreclosure and two years after a bankruptcy before applying for financing. Good credit since the incident is generally a requirement as well. more


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Home Equity Loans for People with Bad Credit

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