mortgage: Northwest Indiana Mortgage
- 03/28/07 07:55 AM
How Big a Mortgage Can I Afford?Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too. This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be too. Rent: _________________________Multiplier: X 1.32Mortgage payment:__________________Because of tax deductions, you can make a mortgage payment-including taxes and insurance-that is approximately one-third larger than your current rent payment and end up with the same amount of income. http://www.willemsrealtors.com/ … (0 comments)
mortgage: Northwest Indiana Real Estate: Credit 101
- 02/27/07 10:37 PM
Credit scores, along with your overall income and debt, are a big factor in determining if you'll qualify for a loan and what loan terms you'll be able to qualify for. 1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else's poor financial management. 2. Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.3. Don't charge your credit cards to the maximum limit.4. Wait 12 months after credit difficulties to apply for … (0 comments)
mortgage: Northwest Indiana Real Estate: Bottom Line 101
- 02/26/07 12:17 PM
THE BOTTOM LINE Sellers: Free Bottom Line Analysis of Net Profit To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house. Closing Costs for Sellers Mortgage payoff and outstanding interest. Prorations for real estate taxes. Prorations for utility bills, condo dues, and other items paid in arrears. Closing fees charged by closing specialist. Title policy fees. Home inspections. Attorney's fees. Survey charge. Transfer tax or other government registration fees. Brokerage commission. Selling Price - Total = Net Proceeds to Seller For Buyers: Free Analysis of Out-of-Pocket … (0 comments)
Serving Cedar Lake, Crown Point, Dyer, East Chicago, Gary, Griffith, Hebron, Hammond, Highland, Hobart, Lake Station, Leroy, Lowell, Merrillville, Munster, New Chicago, Schererville, Schneider, Shelby, St. John, Whiting, Winfield, Beverly Shores, Burns Harbor, Chesterton, Kouts, Michigan City, Ogden Dunes, Portage, Valparaiso, Westville, Wheeler, LaPorte, Long Beach in Northwest Indiana Real Estate Market
How Big a Mortgage Can I Afford?Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too. This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be too. Rent: _________________________Multiplier: X 1.32Mortgage payment:__________________Because of tax deductions, you can make a mortgage payment-including taxes and insurance-that is approximately one-third larger than your current rent payment and end up with the same amount of income. http://www.willemsrealtors.com/ … (0 comments)
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