Welcome to Mortgage Guide
Georgia Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Fun with Mortgage Calculators
from:Dreaming of buying a home now that the prices have dropped? Why not have a little fun with some online mortgage calculators? They help you to dream in a realistic way by giving you the hard facts about the numbers involved in your home mortgage dreams. There are a number of online mortgage calculators that can help you look at a fixed rate or a variable rate mortgage option.
Fixed Rate Mortgage Calculators
These are the simplest forms of mortgages to calculate. They come with a fixed interest payment that is for the life of the loan. You can estimated the interest payment very closely to what the present rates are on mortgage loans. You can add in the down payment that you are choosing to make to get the loan (which will have to be between 10 and 20% to qualify these days). The mortgage calculators will also ask for the term of the loan. Fifteen and 30-year loans are pretty common mortgage products, but you can now get one for 40 years too. The mortgage calculators will crunch the numbers and give you an amortized table of your payments. If you are not asked for an estimate of hazard insurance or property tax escrow payments, then the value you see might be smaller than the value you get at closing. If you want a closer estimate, be sure to find out what you hazard insurance and escrow payments might be for the house you are considering buying.
Adjustable Rate Mortgage Calculators
Years ago these mortgage calculators weren’t very common. Now, even people who are just looking to see how much more their payments will be with an adjustable rate mortgage they bought earlier might like these nice applications. The adjustable rate mortgage calculators add in additional information that can help you see how much a mortgage changes with an adjustment of the interest rate after the initial period is over. Keep in mind that the number of adjustable rate mortgage products are numerous and they all have their little intricacies. You may be able to get a reasonable picture of what happens when your mortgage rate adjusts, but it might not be suitable for the particular mortgage you choose. It might only work for one adjustment, whereas ARMs can adjust yearly at times. Always look at the good faith estimate to understand more about what your actual costs are for an adjustable rate mortgage and take a close look at the amortization table to see how your payments adjust over the years.
Georgia Mortgage Specific links
Georgia Mortgage News
136-count indictment handed down in mortgage fraud case
A Boone County grand jury handed down a 136-count indictment against a Georgia mortgage company and its founder for alleged forgery and making false declarations on mortgage documents.
Read more...Atlanta's tallest skyscraper to be sold at auction
The tallest skyscraper in the southern United States is going up for public auction in Georgia after its owners missed mortgage payments.
Read more...Linda Green | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges new
February 6, 2012 Attorney General Koster announces 136-count criminal indictments related to robo-signing in mortgage industry --Boone County grand jury indicts Georgia corporation and its president for practices highlighted in 60 Minutes report -- Jefferson City, Mo. – Attorney General Chris Koster today announced that a Boone County grand jury has handed down 136-count indictments against DOCX ...
Read more...Gingrich comes out swinging on eve of Nevada caucuses
LAS VEGAS -- Former Georgia Congressman Newt Gingrich delivered a fiery closing argument here on the eve of Nevada's Republican caucuses, predicting he would win the GOP nomination and taking several swings at Mitt Romney and President Barack Obama.
Read more...UPDATE: DocX indicted for manufacture of fraudulent mortgage documents
COLUMBIA — A Boone County grand jury has indicted Georgia company DocX LLC and its founder, Lorraine Brown, on 136 counts of forgery and making false declarations related to mortgage documents. The criminal charges filed against a company for these fraudulent practices are the first to be filed in the country, according to the Missouri attorney general's office. The indictment alleges DocX ...
Read more...