Calculator Mortgage Quote

By what criteria should consumers evaluate a mortgage quote? Besides rate and pre-payment penalty, is there a checklist consumers can use when evaluating quotes from banks/brokers?

I have about £50k to invest but am thinking the best return would just to be to pay off some of the mortgage? My mortgage is up for renewal on the 1st November and don't think there is any saving scheme that can beat what I would be paying in interest on the property after tax? I have maxed out mini cash ISA this year. Mortgage I am going for is a Nationwide tracker at 0.48% above base rate. It is a little more as it has no fees as mortgage would be relatively small after lumpsum. Nationwide are my current lender so I don't need any surveys or valuations done and is fairly competitive. But I am wondering if there are any safe investments that would give a guaranteed better return after tax than the quoted mortgage rate? Any advice or thoughts?

Got a mortgage refinance quote: Too good to be true? A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?

free home loan mortgage quote refinance? do these online companies give legitimate quotes or is it just a scam?

how is a mortgage quote calculated? in uk how do they work out how high a mortgage u can have?

Why do mortgage brokers want an appraisal done before they give you a quote? If you're not satisfied with the quote, you lost about $350 for that appraisal.

Need advise on a mortgage quote, is 4% good? I got a quote from http://get-a-home-loan.net at 4% fixed for 15 years is this a good deal or not?

Are you interested in a FREE MORTGAGE QUOTE ?!??! Please contact me @ ms_certified06@hotmail.com? Are you a home owner interested in a free mortgage quote?? Well then here's your chance!! With no cost and obligation, you can get a free mortgage quote!! Please contact me at (631)433-5146 and/or E-mail me at ms_certified06@hotmail.com

When do you think the best time is to lock into a mortgage rate? With the fed just meeting, should I wait until the end before I lock into a mortgage rate. The current rate quoted for me by my bank is 6.125% with 5% down or 6.375% for 100% financing. This is my first home purchase and I don't want to do the wrong thing.....

How do you know that your mortgage lender is giving you the right rate quote? not overpricing

How can I moniter the home mortgage interest rates? I do not want a rate quote.?

free mortgage quote rate refinance? where can i SAFELY get refinance quotes online?

What is the best way to get traffic to my website? I need people to submit their info on my site! It takes less than 5 minutes and you get up to 4 free mortgage quotes with no obligation. I am having a very hard time getting people to my site. I have tried quite a few different advertising ways. Does anyone have any suggestions? http://NewHomeLoanNetwork.com

Will my mortgage payment be the same or will it change after closing? I live in Texas. I will be closing on my $100k home on June 16, 2008. My mortgage lender quoted me that my monthly payments will be estimated at $1019 including escrow,insurance,taxes,and pmi. What I'm asking is that when the time comes at closing and I provide my insurance coverage certificate, will this change my monthly payments? Or will it be the same? Also if I file for homestead immediately after closing will this reduce my monthly payments as well?

Mortgage rate quote for LOs and/or Brokers? Anyone want to quote a rate? I won't hold you to the rate, I'm just looking to get a ballpark so I can analyze a couple of properties. Here's 1 scenario: -30 yr fixed - full doc -2 unit -investment property -location: PA -sales price: $300,000 -100% LTV and/or 80/20 - DTI: 40% - mid-fico 720 - 60 day lock (45 if pricing is better) at Par, with 1 pt (or nearest), with 2 pts

Interest rate different than quoted for mortgage? We thought we had locked in at a certain fixed rate with our lender, we verbally confirmed with him that we wanted to lock in. A mistake was made on the lenders end and now our rate will be .5% higher if we want to continue with a fixed rate. Has anyone had a similar situation, what was the ending result? Our closing date has been move and we have more time to think about what we want to do and have an opportunity to fix the situation. What's the best way to approach fixing this?

Is 6.25% and 1.25 pts. a good quote for a refi. from a major mortgage company? I am working on a refinance with a national know mortgage company. I have tried to do as much research as possible to find out what the current mortgage rates are. This is the best they said they would be able to give me. According to reports from Freddie Mac and several newpapers interest rates are at around 6% or lower.

If you are quoted a montly mortgage payment amount during your application, why would that amount change? I recently did a loan mortgage loan application, and my aunt who is in the mortgage title business, told my mom that I shouldn't believe the monthly amount she quoted me (which included taxes and insurance). She said it would probably change. Why would it change?

How do you select a mortgage lender? How do I get quotes for a mortgage wihtout jeopardizing my credit score? I understand that every time you have someone check your credit, you drop your score.

Can I get a annual mortgage rate in Turkey for sterling lower than 7%? All reasearch I've done via internet and Turkish estate agencies quote really high annual mortgage rates for sterling, more so than Euros. Would it make more sense to buy in Euro? My salary and savings are all in sterling.

Can a change in job effect a mortgage application? My partner and I have just submitted an application to buy our council house. We have been to a few mortgage companies for quotes which is all fine. However my partner is at his whits end with his current job and has been offered another position elsewhere, the money is no different. Would taking the job have any impact on our credit score etc etc.

where can i get insurance in the uk for buildings and contents, critical illness, and mortgage protection? Im getting a mortgage with Halifax and the quote they have given me is £100 a month! For all this. I have been on the comparison sites and managed to get it down to £35, but it is split up with 3 different insurers. How much should this all cost for 2 young people who dont smoke and are healthy. As i thought £35 was a bit too cheap.

Colorado Mortgage : Where can I find mortgage quotes in colorado?

How good of a mortgage rate can someone get for having an excellent credit score? Over 800? I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable.

I am buying a house, the outside wall is single brick, why is the mortgage lenders giving me hassle? I dont understand what the mortgage lenders issue is, the house has stood since 1950ish!! there is one wall that is single brick, i have had to get a quote to make the wall double brick! is it just me or are they being petty?

how much should closing costs be for refinancing a mortgage? I owe about 142,000 on my house. I got a quote to refinance and the closing costs are nearly 6,000! This is comparable to what the closing costs were when I initially purchased my home. Should it be this much to refinance the mortgage? (There are no problems with our credit, just a normal refinance for a lower rate)

I have a 30 year mortgage on my house. If I pay the payment that was quoted on a 15 year,will pay off bein15? I wanted a 15 year mortgage, but the company I was dealing with told me to take to 30 year mortgage and pay the 15 year rate payment and my home would be paid off in 15 years. Is this true?

Are the interest rates the same between people who take a new mortgage and those who refinance? I want to take advantage of the decline in intest rates by refinancing my mortgage. When I search online I find a lot of rates quoted for new loans but not much for refinancing. Is it safe to assume the refinancing rates will be similar to the new buyer's rates (with the same terms and credit rating of course)? Thanks.

what do u think of the mortgage rate? gonna go up or down next weeks or months? a mortgage broker quoted me on a 30 yrs fixed rate at 5.785% a month ago. last week he quoted me 6% and today it was 6.125%. wtf? how come the rate is going up so fast? any1 know what is going on? my closing date is 8/7/07. should i wait some more to see if the rate is lower? or sign an agreement now before rate go up to 6.25%?

Are large local banks less likely to give great mortgage rates to borrows with great credit scores? I've been shopping for a low interest rate (30 year fixed). I have excellent credit but it doesn't seem to help me much when I go into large local banks. It seems like they just run the basic numbers to make sure I qualify for a conforming loan. They then tell me their printed rate on their website. My experience with smaller mortgage companies is that they collect more information and they have quoted lower rates. Is this typical?

When should i lock in my mortgage interest rate? Since I was approved for my mortgage the rates have gone up quite a bit. I am closing on 3/25 and will have to lock in soon. I am being quoted a rate of 7.375. I don't know if I should wait or cut my losses and lock in now.

Can I get a mortgage for a property that has subsidence? I am interested in buying a property that has subsidence. I have full access to the subsidence report & know the cause. I have also obtained a quote to remedy the problem. I have already put an offer forward that in theory will be accepted, but can I get a mortgage...? Many thanks in advance

How much of an effect can I expect on my rate by buying a point on a 30yr Mortgage? All other things being equal. i was quoted 3/8 but i dont know if that is accurate. Also i was told that all rate quotes are with 1 point built in, and then refunded. ie to be specific i was quoted a rate of 6.25 on my 30yr mortgage. i have great credit and am putting more than 5% down so i thought that may have been a little high and i was told that the rate was 5.875 (-3/8s) and that i had to sell the pt back to limit my out of pocket but that increased my rate Im just looking to find out if the whole buydown policy is correct and that rates are quoted with 1 pt built in. also i would like to know if 3/8 is a reasonable amount of that buydown.

I did a mortgage calculator and it said I can only afford a $35,000 mortgage, are there other options? My boy friend and I were quoted for a mortgage awhile ago that we would be able to do about 150 to 180K ,not too bad. But when I did a mortgage calculator online it only came out with the 35K total. We make more than some people we know and they own own homes. What did I do wrong? I just can't believe that we would not be able to be qualified for a mortgage amount that is at least reasonable and would get us something nice and not a condo or townhome. Even though that is what everyone is telling us to buy. Please some one restore my faith or will we never be able to have a home of our own.

Web sites for Prequalification of a mortgage ... without giving them personal information? Hello. I will be looking to purchase a home in about 3 years. I am saving up for the down payment and closing costs during this time. However, I want to get an estimate of what type of price range and monthly payments I might be looking at. I understand that my situation may change over the next 3 years and a quote today is not a guarantee. However, I need to start somewhere. I was wondering if there are any sites that allow you to get quotes on mortgages, not only the interest rates but also on the maximum loan allowed, based on your down payment and credit score. I want just an estimate, so I need sites that do not require personal information. I do not want to accidentally sign up for an agreement or have people solicit me stuff through the mail.

I received two quotes from two different mortgage copanies? The first one was from Quicken Loans and it's an 80/20 conventional loan. First at 6.3% secound at 7.8%. The secound quote is from Global mortgage. 100% with no PMI. The bank they are using is Charter One and the interest rate is 6.875%. I was told that their was no way I could get such a loan without paying PMI. What is the law reguarding that? Which loan would you recomend? Thank You, Jesse TaberI

Help for mortgage, independent financial advisor and putting in an offer on a house.? I went to 3 banks for mortgage quotes, halifax, hsbc and alliance & leicester. Halifax could borrow me the most money, then hsbc, and then alliance & leicester. I then looked around for some houses and the estate agent that i booked some viewings with had an independent financial advisor (IFA) working there. He told me he could get me a better mortgage by carrying out a gifted deposit where no money would change hands, it is just a transfer of money and then i would avoid paying a higher lending charge and the monthly payments would be lower. He said he wouldnt charge me as a first time buyer, he just gets paid a fee by the bank (eg halifax). Ive also seen a house i love, it is on the market for £110,000 but the couple are desperate to move out by september and received an offer for £95,000 a few months ago, considered it but declined. So what i want to know is what would be a good offer, is an IFA better than a bank to arrange a mortgage and how does the gifted deposit work? i got my offer accepted for 101grand, there was another offer at 100 but they accepted mine! will see IFA sat morning and will not get information but not make a decision til im certain. A few people i know recommend an IFA.

What is the average life of a mortgage loan? I need a verifiable source to quote any answers to this question.

why will my monthly payment be higher quoted from mortgage company than from mortgage calculators on internet. i got a quote of 7.75 interest rate on a 30 yr.conforming fixed home loan(for $45,000)and he told me it would be like 390 a month, not including tax and insurance. when i go to a mortgage calculator on the internet and type in 7.75%, 45,000 loan, and $0 down payment it says around $250 a month. can anyone tell me more about how this works, thank you

How many times can you ask for a mortgage quote? As I understand, normally before you shop around for the properties, you have to get a Mortgage Agreement in Principle. You'll bring this to the house agents and the buying procedures can begin. However, a friend of mine said that I should be careful. Apparently, you should only get a morgage quote from ONE lender only. The more you go to different lenders, the worse your credit score will be. Is it true? After I hear about this, I have been hesitant to go to a lender, because I think I need time to search for the best deals available.

How do i know if i can trust my mortgage broker? is what he is quoting me guaranteed..read more...? i'm just curious on how this all works? i've never met this guy, only talked to him on the phone. is he reallly interested in helping me, or is he just out to get comission? how do i know for sure that the numbers he's telling me,like the interest% and all that are actuallly going to be the numbers i end up with. i would really appreciate any advice on this

Are you interested in a FREE MORTGAGE QUOTE ?!??! Please contact me @ ms_certified06@hotmail.com? Are you a home owner interested in a free mortgage quote?? Well then here's your chance!! With no cost and obligation, you can get a free mortgage quote!! Please contact me at (631)433-5146 and/or E-mail me at ms_certified06@hotmail.com

Mortgage papers say I must pay them £50 to NOT to use their insurance and £25 a year thereafter ? Quote - "If you do not take out Buildings Insurance via *US* , we will charge you an intial fee of £50.00 and £25.00 will be charged every year on renewal." Surely they can't do this ? Either i pay them anything they ask for insurance (i've already halfed their best quote by shopping around) or i pay them a fixed fee on top of my insurance for 25 years ! Advice please .

What is the deal with mortgage rates advertised on Yahoo Finance or Bankrate? It seems that when I call to inquire about these good deals (for example, really low rates with 0 points), I am always told something like, "Well, that deal is for something else." How does one get an accurate mortgage quote online from these sites? Or is it impossible to get an accurate quote without calling the companies directly?

What type of Life Insurance is best for my husband and I? (We just purchased a home, we are both 23 years old) My husband and I are both 23 years old and we just purchased a home. We have been under pressure from our Insurance Agent and our Mortgage broker to obtain Life Insurance in case something happens to one of us. We would like to have coverage in case something happens. I know the importance of Life Insurance, as my mom was killed in a car accident when she was only 38. So, we want to be protected, and we want our house to be safe. We are pretty much clueless when it comes to Insurance policies. I ALREADY LOOKED UP THE INFO ON WIKIPEDIA, SO PLEASE DON'T GIVE ME MORE OF THAT. I want opinions on what the best kind of Life Insurance is for us. Term (but if it is a 30 year term, does that mean when we are for example 54 and something happens after the 30 years, we aren't covered???) or Permanant (whole life, and others). We didn't like the decreasing term policy our agent showed us. We have gotten 2 quotes for Term Life. Help us make an informed decision!!! Please! Dan, I don't have your email address!!!

Am I getting ripped off from my mortgage lender (countrywide), they locked in a rate without my permission? I'm purchasing a home and I got quotes from different large banks and countrywide gave me the best quote at the time (30 yr fixed 6.75 (1pt), 2nd loan HELOC at prime plus 1% (9.25%). Plus I was already preapproved by them. I never locked in a rate but was told my mortgage lender locked in the rate for me (can they do that? I didn't ask them to). I was waiting for the feds to lower the rate(9/18). He sent me the good faith estimate and Lock in agreement. On the lock in agreement it says float also I noticed it said (1.125 pts instead of 1 pt we had discussed earlier) but when I emailed him he said its locked in. He said he'll try to look for a price reduction. Can he do that when he already locked in the rate? If we go with another lender who will give us a better rate do we have to pay appraisal fee, processing fee, credit report fee, courier service fee, and etc? Even though we didn't verbally or sign anything to lock in the rate can they charge us for the fees? Thank you in advance. I forgot to mention it is stated income, jumbo non-conforming loan, 2nd home but primary residence in CA and a median fico score of 760. no prepayment penalty. 10% down. purchase price $861K.

When should I lock in my interest rate on a fixed 30-yr FHA mortgage? My wife and I are buying our first home through the FHA, and we've been quoted a rate of 6.7%. However, we have 60 days to lock it in, and we just saw it fall to 6.375%. Should we go ahead and lock it in now at that new rate, or would it be best to wait and see if it falls any more?

How do I get a mortgage?? UK? I earn £30600 gross a year but am not sure how to get a mortgage. I can only seem to get £70,000 - £85,000 on online quotes. This would not buy anything where I live in essex. A 1 bedroom flat is average cost of £130,000. So how would I go about gettting this size mortgage?? Any suggestions please x

Contractors- quote for putting in a new door? We are looking at buying a house, but there isnt a door from the inside into the backyard. We want to put one in the kitchen, so we can watch the kiddos in the fenced backyard from the kitchen. There is a big blank wall at the back of the house, and we want to put in a sliding door or French doors. Around how much would it cost for labour to put in the doors? Like, how much would it cost not including the doors, to get a contractor to put them in for us? Just an idea would be great so we can tack on that cost to our mortgage... thanks! The house is sided with that... gad i cant think of the word- the siding that looks like wood but isnt? I think we'd like to go with French doors, also... we want to stay around $2 thou for the job including the doors, tho...