We just launched our brand new blog. Let me know what you think? It's still a work in progress, but it's been fun working on it!

http://www.mortgagesum.com/blog/

San Francisco Median House Price

Some people think that paying home equity based interest is a good idea since they get to write it off on their taxes. This thinking leads them to believe they can use a HELOC like a credit card and let their balance grow as they pay more interest which eventually drowns them in further debt. This calculator shows you what happens. Included are buttons to set your monthly payment to be either an interest-only value or enough to pay off the loan in 10 or 30 years. Home Equity Calculator

Free Annual Credit Report Resources From the Federal Trade Commission: Annualcreditreport.com is the ONLY authorized online source for you to get a free credit report under federal law. You can get a free report from each of the three national credit reporting companies every 12 months. Some other sites claim to offer "free" credit reports, but may charge you for another product if you accept a "free" report. Buyer beware.

Free Credit Report

Just launched our new calculator. Let me know what you guys think and how it can be improved. Thanks.

Reverse Mortgage Calculator

Are your deposits safe in this market? Check out the government's latest tool. FDIC Insurance Calculator.

Do you have a crystal ball that can predict what the mortgage rates will be next year? Although no one can really predict where it will be exactly by the middle of next year or else we would all be rich, it would be fun to take a wild/educated guess! What is your mortgage rate prediction for a 30 year fixed by June 2009?

Make your mortgage rates prediction for 2009.

How cool is this mapping application. http://www.mapjack.com/ .  Think about how you can apply some of these features to further the online experience for the consumer in the real estate arena. I already see some cool experiments going on in this industry so this is just the beginning for our industry. With mobile applications such as the iPhone, social networking, and other disruptive business models, these are definitely exciting times. What do you guys think?

Mortgage Calculator 

I've been playing around with the iPhone lately and I have to say, I love it! The user interface is pretty slick and the touch screen functionality is outstanding. They just opened up their platform for developers so I predict a lot of cool applications in the future to complement this tool. Definitely a watershed moment in mobility devices. 

I wrote a quick one over the weekend with one of my calculator scripts so if you have an iphone, feel free to add this application. http://www.apple.com/webapps/calculate/mortgagecalculator_rockongroup.html. 

Mortgage Calculators 

Few people from Canada requested a Canadian mortgage calculator so here it is. Enjoy.

http://www.mortgagesum.com/mortgagecalculator/mortgage-canadian.php