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This calculator helps you determine your monthly payments for a mortgage loan.




Mortgage Refinancing Bouncing Back – Is It A Good Idea?

During periods when mortgage interest rates are high or steadily rising, many homeowners decide against refinancing. If they do opt for it, it is done differently than those which occur during times when interest rates are low.

During the low periods, people refinance to decrease their monthly payment to save a little money presently, and sometimes considerable amounts over the long term. When they are high, the primary reason for refinancing is to acquire a larger loan which will offer extra cash.  This cash can be used for other purchases and is often a resort for those in monetary crisis with other bills.

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Is Blockchain Technology Getting into The Mortgage Game?

Blockchain technology has infiltrated several large industries. The most surprising of these has been the financial services niche. Also surprising is that mortgages – a major player in that very same niche – has largely avoided any change or disruption in the way they function. It looks, however, as though this is about to change.

Currently new platforms and a variety of products are being introduced that threaten the way things have been done in the real estate business. If these incremental changes continue, there is a high chance the mortgage loan process will look very different in a few years.

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High Income Households in Pennsylvania Are Increasing in Mortgages

Recently revealed statistics show a trend of high income households holding a growing number of the current mortgages. What has not been revealed, however, is why the traditional middle class are owning less homes. Experts have yet to come to a solid conclusion, but an array of suggestions have been made. This impact could be a result of rising mortgage costs, the decline of our economy, a growing generation of people who wait longer to purchase homes, something else entirely, or a combination of any of the above.

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Are Banks Being Unfair in Philadelphia?

A city council meeting was held on Thursday in which banks were accused of redlining. Redlining is a practice by which loans are not given to individuals who live in areas deemed financial risks, or who pertain to a specific racial background.

The banks in attendance denied these claims, stating the recent data used to found these allegations are not fully representative of all their loan activities. Representatives stated in writing that many of the deciding factors involved in making loan decisions are not available to the public. Things like an applicant’s credit scores and history, debt, total income, and details of the loan being applied for in relation to these items.

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Want to Buy a House in the Spring? Why you should get Preapproved for a Mortgage Now

Warmer weather and longer days means there are more opportunities to view property than during the cold, dark season of winter. As such, the arrival of spring is often marked by an uptick in real estate sales. Perhaps you are one of those who are eagerly awaiting spring before becoming a homeowner. If so, you will want to obtain mortgage preapproval now-here’s why.

Reasons for Preapproval

Becoming preapproved for a mortgage may seem like an additional step, but it is actually the starting point for many real estate transactions. Mortgage preapproval has numerous advantages, including:

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