When asked what my mortgage payment is, should it include escrow or just principal and interest?

Posted by Bidadari Lembayung Senja 29 July, 2010 (1) Comment

I am planning on refinancing my car loan but I think my current mortgage payment will affect the banks decision. So my question is, when they ask what my mortgage is, should I include escrow or just principal and interest?

Categories : Uncategorized Tags : banks, car, car loan, current mortgage, decision, escrow, Loan, mortgage, mortgage payment, payment, planning, principal and interest, question

What is your monthly mortgage payment and your household income?

Posted by Bidadari Lembayung Senja 28 July, 2010 (1) Comment

Getting ready to buy a house and just curious what people find comfortable. What is your mortgage payment (including taxes and insurance), and your household income, and are you comfortable with your mortgage?

Thanks!

Categories : Uncategorized Tags : house, household, household income, income, Insurance, mortgage, mortgage payment, payment

What is used to calculate the 31% for mortgage restructuring?

Posted by Bidadari Lembayung Senja 26 January, 2010 (1) Comment

What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?

Categories : Uncategorized Tags : escrow, income, mortgage, mortgage payment, payment, restructuring

How do you find various characteristics of a mortgage?

Posted by Bidadari Lembayung Senja 7 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Categories : Uncategorized Tags : asking price, Interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Bidadari Lembayung Senja 6 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Categories : Uncategorized Tags : asking price, Interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Bidadari Lembayung Senja 5 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Categories : Uncategorized Tags : asking price, Interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year

How do you find various characteristics of a mortgage?

Posted by Bidadari Lembayung Senja 4 January, 2010 (0) Comment

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Categories : Uncategorized Tags : asking price, Interest, interest rate, mortgage, mortgage payment, payment, Price, rate, value, year