Saturday, January 27, 2007

Mortgage Info, News, Tools and Calculators

Housing sales have been slowing nationwide. According to the latest figures from the National Association of Realtors, new and existing home sales fell by the largest percentage in more than 15 years in 2006.

What that means for prospective home buyers are lower prices, so now might be a good time to purchase a home. At the same time, mortgage rates have been rising with almost no indication of going down. The next six months may be the proverbial sweet spot for home buyers.

Buying a home is a very straightforward process that can be handled by any expert real estate agent. Finding the right mortgage, however, takes some work, as there are a slew of products available and finding the mortgage that's right can save you a lot of money.

Researching and finding current rates is easy. Rates for 30 and 15-year fixed and adjustable, 5-year ARM and Home Equity are updated daily at

Additionally, the site offers current mortgage news, wealth building guides, credit repair information and a slew of useful real estate tools, including FREE downloadable Microsoft Excel® spreadsheets.

The spreadsheets are outstanding. Once downloaded onto your computer, you can use them to understand and calculate the intricacies of:

  • Fixer-uppers (Will you make a profit once you've fixed it up and sold it?)

  • 10-year projections for income property

  • Calculate the breakeven occupancy on an investment property such as an apartment or office building

  • Compare different seller financed offers

  • Estimate how much you could borrow on that commercial property.

  • ...and more, all FREE.

There are also online calculators for practically every situation, such as:

  • How large a mortgage loan can you afford?

  • Amortization Schedule

  • Early Mortgage Payoff Calculator

  • Annual Percentage Rate (APR) Calculator

  • First Time Homebuyer Calculator (Rent vs. Buy)

  • Home Equity Loan Calculator

  • Mortgage Tax Deduction Calculator

  • How long would it take for you to become a millionaire?

  • ...and others, again, all FREE.

If you're buying or selling a piece of property, or are a real estate investor seeking news, information or solutions, is a resource worthy of a place in your bookmarks.

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