Category Archives: house loan calculator

Can a person get a loan at 80 years and no signature ? Is this fraud ?

A woman, age 82 yrs, no assets (house, car, land…) poor health, has NEVER left the house in the past 20 years unless her oldest son takes her. Son has had ‘POA’ (Power Of Attorney) for the past 2 years and is sole heir to whatever estate she had. This lady died 29th of Jan, [...]

What is the fastest/most economical way for me to pay of my mortgage?I can afford to prepay, but I don’t know

Which one to pay of first or to prepay on all of them equally I have 3 loans against my house, when I bought my house for 145K 3 years ago I had a 80/15/5 loan (to avoid PMI). And 2 years ago I got a HELC for 15K Loans – (current balances) [monthly payment] [...]

Can I work in one state and buy a house in another state?

Here are the details. I make 23,000 a year and pay about 250 a month to credit cards (I have, 10,000 credit card debt and 8,000 student loans deferred) I have a low credit score (about 520) Having put all of my financial information into an online calculator, the calculator says I can afford about [...]

I want to buy a house, can you please tell me if I’m right?

Im 18 and have a job at $9 a hour , (40 hours a week) ( i will get a raise in about 6 months) Im going to save everything I make for one year. Each month the only money I can spend is 118$ on my credit card to try to get good credit [...]

What Formula do I use to find the monthly payments on a loan?

First off, I do NOT want a loan calculator. I have a loan for a $250,000 house with 20% down (so $200,000 total now). Over a fixed rate of 5.25% for 30 years, I should come up to monthly payments around $1,104 a month. But when I try to do it by hand, I do [...]