homebuyer: 6 Things To Avoid While Waiting For A Mortgage Approval - 05/12/08 08:21 AM
When buying a home, there are two stages in the home loan approval process. Stage 1 starts when a homebuyer submits a mortgage application to his loan officer for a pre-approval. A pre-approval is a "walk-through" mortgage approval that says -- at a given purchase price and downpayment amount -- the home loan application will very likely be approved. Stage 1 ends when the buyer signs a purchase contract on a home. At this point, the "walk-through" approval is useless because the buyer now needs a real home loan approval from an underwriter and not a loan officer. Thus begins Stage … (0 comments)

homebuyer: Spreadsheet Formulas: Calculating Home Payments - 05/05/08 10:50 AM
For a lot of homebuyers, calculating a prospective mortgage payment is an online experience. For example, a search on Google for "mortgage calculator" returns 39 million options. Some people, however, prefer to plan on their local hard drive using spreadsheets. For these people, the hardest part is often figuring out what formulas to use. Interest Only Payments Home loans with interest only payments are much more simple to calculate than amortizing loans. Using the graphic at right as a guide, enter your loan size and your interest rate into two separate spreadsheet cells. Then, create a third cell and input the … (1 comments)

 
Mike Rosen (Provident Team Real Estate)

Mike Rosen

Leesburg, VA

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Provident Team Real Estate

Address: 20130 Lakeview Center Plaza, Suite 430, Ashburn, VA, 20147

Office: (571) 302-4000

Mobile: (703) 880-6770

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