This one came from a search engine: amortization of real estate loans early payoff based on a lump sum payment This is one of the smart things you can do. Not necessarily the smartest, mind you, but smart. The question is if there’s a better way to get a return on that money, wither by …
Continue reading “Lump Sum Payments on a Mortgage and Alternative Investments”
In one of my articles somebody wrote in the comments about going upside-down on their mortgage: What happens if the property value falls and becomes far less than the loan ammount? (POP) Lets say you get a loan for $280,000 on a home that was $330,00 and then three years later is is only worth …
Continue reading “Losing Property Value with Highly Leveraged Properties”
I’d been locked out of the website’s publishing function for about three weeks due to an error in software. Here’s hoping it doesn’t return. Assuming everything keeps working, there will be a new article Wednesday morning.
This is something I probably should have covered quite some time ago, as it’s part and parcel of the system that’s abused. Here are sample rates from one A paper lender, picked at random, that were in effect a few days ago. These are Fannie and Freddie conforming 30 year fixed rate mortgages with full …
Continue reading “Loan Rate Sheets: An example, and the games lenders play”
