By Admin on Jul 7, 2010 in Personal Finance | 5 Comments
I am looking online at mortgage loan calculators and "what you can afford" calculators. One asked more details questions: What state and county am I in, and how many children do I have. Does having a child give us a better chance of getting a higher amount in our loan? I have a baby on [...]
By Admin on Jul 6, 2010 in Personal Finance | 5 Comments
According to this mortgage calculator it is. Just bear with me on these simple and straight forward numbers. Lets assume you are taking out a loan for 0,000 for 30 years with a fixed rate of 6.5%. According to http://www.mortgagecalculator.org/ that would equal a monthly payment of ,333.70 and a total loan cost of 0,133.47. [...]
By Admin on Jul 3, 2010 in Personal Finance | 3 Comments
This is not a mortgage, but a company loan. 0,000 over 25 years, paid weekly at 5% annual rate. But it compounds weekly. I’ve only been able to find spreadsheets and calculators that compound monthly, which changes the payment amount! I need one to track the balance left if and when I make extra payments [...]
By Admin on Jul 3, 2010 in Personal Finance | 0 Comments
Status: Single Dependents: None Income: 15,226 Federal Withheld: 1131 State Withheld: 235 No large purchases/mortgage Full time employee I did the calculator on both H&R block and Turbo tax. Both gave me an estimate of 900, but when I actually did my taxes, the federal came back as 0!?! Thats a bit of a difference! [...]
By Admin on Jul 1, 2010 in Personal Finance | 4 Comments
I have been offered a 60K job in Sierra Vista, AZ. And my wife and I are having trouble figuring out how much home we can afford! Most online calculators are showing us from 120s all the way to 220s!!! We would like to stay within the in the 26%/33% or close to the rule [...]
By Admin on Jul 1, 2010 in Personal Finance | 6 Comments
My husband and I are beginning the process of buying our first home. We’ll be setting up an appt. soon for a pre-approval to then begin looking at houses. I know that typically lenders approve for more than it is advised to borrow and I’m wondering if anyone can give me a good formula for [...]
By Admin on Jun 29, 2010 in Personal Finance | 5 Comments
I have a rental property. The rent I receive covers the mortgage payment for that one family house. I would like to buy a second house, which will become my primary residence. How much of an impact having a rental property would have on my ability to get a second mortgage loan (for the house [...]
By Admin on Jun 28, 2010 in Personal Finance | 4 Comments
Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I [...]
By Admin on Jun 27, 2010 in Personal Finance | 2 Comments
Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I [...]
By Admin on Jun 27, 2010 in Personal Finance | 1 Comment
Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I [...]