40 Year Mortgage Calculator

40 year mortgages enable you to qualify for a larger mortgage loan amount than a traditional 30 year mortgage. The 40 year mortgage also makes homeownership more affordable by lowering the monthly mortgage payment.

Purpose Of The Marketing Plan

A marketing plan helps you establish, direct and coordinate your marketing efforts. Preparing a marketing plan forces you to assess what's going on in your marketplace and how it affects your business. It also provides a benchmark for later measurement. Often, simply embarking on the process of preparing a marketing plan guides you in developing a successful marketing strategy.

Annuity State Guaranty Protection Limits

Life insurance and annuities are protected against carrier insolvency by State Guaranty Associations. Annuities are not FDIC insured, but each insurance company is licensed and regulated in states in which it conducts business. Each state covers policies up to a certain amount should the company go bankrupt. For more information, see NOLHGA the Nation Organization of Life & Health Guaranty Associations. Find your state's protection limit below.

Dear America, Why Are You Obsessed With Showers?

It's no secret that I don't like consumerism. But beyond this desire to buy stuff, there's another cultural issue that's unique to America the obsession with cleanliness. While consumerism and an obsession with cleanliness seem to be completely unrelated, they are both the result of advertising gone wild.

Delegation - The Solo Entrepreneur's Secret to Success and Freedom

Solo entrepreneurs are called upon to perform a wider range of activities as their businesses grow - many outside of his her skill set office administration, marketing, sales, bookkeeping, customer relations, working with technology - it never ends They become overwhelmed by the increasing demand on their time losing their drive and passion for their business. They work harder but find it increasingly difficult to produce results.

John Hancock Annuities: Shopping by Carrier

John Hancock annuities include several variable annuity products to help with the accumulation of tax-deferred retirement income and assets. John Hancock annuities also comprise a number of fixed annuity plans designed to provide a secure retirement. John Hancock Variable Annuities The Venture plan was created to meet the needs of individuals who have stable income and retirement objectives. It takes a long-term approach to retirement planning.

The bittersweet friendship of Kapil Sharma and Sunil Grover

Kapil Sharma and Sunil Grover are perhaps the names that don't need an introduction. Often regarded as the best comedians working in Television at present, Kapil Sharma and Sunil Grover made their mark on Indian Television. However, their friendship has always been a roller-coaster ride to them and also the public and their fans.

Business Plan Basics

Why is a Business Plan important?  The Success of your business depends largely upon the decisions you make. A business plan allocates resources and measures the results of your actions, helping you set realistic goals and make decisions. You may have asked yourself, Why should I spend my time and energy drawing up a business plan? Remember, first and foremost that lack of planning leaves you poorly equipped to anticipate future decisions and actions you must make or take to run your business Successfully.

The Guide to Basic Bookkeeping

There are various levels you can work towards in your bookkeeping system. Someone needs to do it. Period. That need not be you. In fact, if you have trouble working with numbers, it should not be you because you'll never get to it. Find someone with a passion for sorting data, control their tendency to over-complicate or seek detail, and you're on your way. However, you as principal of the company need to understand the system, even if you're not the one doing it.

Alternatives to EBITDA Multiples

On a regular basis, we seem to be driven to want to know the current Earnings before interest, taxes, depreciation and amortization (EBITDA) multiples that apply to businesses in various sectors. We strive to find comparables that we can use to provide a prospective seller with an expectation range of price that he or she can anticipate for the sale of the business that they have worked a lifetime to create.

The Best Cities for Public Health Careers

You may have just graduated with your degree in Public health or you're about to. You may have even taken public health classes online and are seeking to apply your knowledge to some kind of fruitful career. You're willing to relocate and wondering, perhaps, what the best cities are for your prospects. Even amid a down economy, there are many cities that are doing well in the field of public health. Here is a list of five cities with promising outlooks for public health degrees.

What Are You Looking For? - Writing Effective Job Descriptions

A job description describes the major areas of an employee's job or position. A good job description begins with a careful analysis of the important facts about a job--such as the individual tasks involved, the methods used to complete the tasks, the purpose and responsibilities of the job, the relationship of the job to other jobs, and the qualifications needed for the job.

Monthly Accounting - A Walk-through Guide

In this walk-through guide we'll cover the activities associated with your monthly accounting, section by section. We'll include a description of what you'll be doing as well as why you're doing it. We'll also include an explanation of the "debits & credits" in this guide, but as we've noted in a prior section, if you are using an accounting software application, the debits & credits are generally taken care of for you.

Market Research - The Process

Market research, like other components of marketing such as advertising, can be quite simple or very complex. You might conduct simple market research such as including a questionnaire in your customer bills to gather demographic information about your customers. On the more complex side, you might engage a professional market research firm to conduct primary research to aid you in developing a marketing strategy to launch a new product.

Aging of Accounts Receivable and Payable

Accounts receivable are dollars due from customers. They are tallied by invoices and arise as a result of the operating cycle's process of selling inventory or services on terms that allow delivery prior to the collection of cash. Inventory is sold and shipped, an invoice is sent to the customer, and later cash is collected.

The Basics of Leasing

Small businesses have difficulty raising capital -- that's no secret. This difficulty (among other reasons) has caused many to look at leasing as an alternative financing arrangement for acquiring assets. All types of equipment leasing - from motor vehicles to computers, from manufacturing machinery to office furniture - have become more and more attractive.

Cash Flow Projections

The cash flow projection shows how cash will flow in and out of the business and enables you to budget the cash needs of the business over a period of time. The ability to predict and plan cash outlays means that you won't be forced to resort to unexpected borrowing to meet your cash needs. At a minimum, this can be more costly (as an example, using your credit card to pay unexpected bills generally costs you more in interest than say a working capital line of credit).

Preparing Your Cash Flow Statement

Looks like this growing business actual used funds in its operations during the year! Where did the money come from? Well, let's look at the investing and financing activities to see what else was going on. Looking at the Balance Sheet, we calculate the changes in the other accounts (those that are not a part of daily operations).

Standards Governing EC/EDI

This section informs you about ANSI X12 standards. Standards are used to create EDI documents so that the sender and receiver of each EDI document can correctly identify and interpret the business information that is being transmitted. At this point, you have already learned how to select a VAN as a step in becoming a Trading Partner. You must also understand the ANSI X12 standards that govern EDI.

How Long Does A Repo Stay On Your Credit?

Many people know that there is the possibility that their possessions could be repossessed if they do not pay their bills. Cars are often the most thought of item that can be repossessed for failure to pay, but other items like furniture, boats, and other items paid in installments can be repossessed. The repossession, or repo, is also reported to the three credit bureaus.

Conventional life estates

As soon as the person, on whose life the life estate is based, has died, the life estate ends. However, as explained below, that person doesn't have to be the life tenant. Ordinary life estates. When the life estate is based on the life of the owner of the life tenant, it is called an ordinary life estate. When the life tenant dies, the real property either reverts back to the grantor and heirs (reversionary interest) or to a third party (remainder interest). Pur autre vie. This French term...

The Public Securities Association PSA Prepayment Standard

Bond Payment Chart Prepayment Speed

In the pass-through market, the CPR is the standard unit of measurement. However, pass-throughs are regularly structured into CMOs series of bonds that are solely paid by cash flows from the underlying pass-through commonly referred to as collateral, which is why market jargon now uses collateral as a synonym for pass-throughs . In that application, it is not appropriate to assume a constant CPR because newly issued loans and pools tend to exhibit very small prepayments. Indeed, the likelihood...

Understanding The Prospectus And Prospectus Supplement

Structured Finance Group PricewaterhouseCoopers Structured Finance Group PricewaterhouseCoopers Structured Finance Group PricewaterhouseCoopers Structured Finance Group PricewaterhouseCoopers The registration, disclosure, and reporting requirements for publicly issued mortgage-backed securities MBS are governed by the Securities Act of 1933 and the Exchange Act of 1934. The modern asset-backed securitization ABS market did not exist at the time of the creation of these laws, and as a result,...

Collateralized Mortgage Obligations CMOs

CMOs are created by pooling mortgage pass-thrus or mortgage whole loans and splitting their cash flows into a number of tranches. A CMO is self-supporting, i.e. the collateral cash flow is able to meet the tranches' cash flow requirement. CMOs have a broad range of investors, because they are able to satisfy disparate investor's needs for cash flows with varying levels of average lives, coupons, and stability profiles. Banks typically invest in securities with the shortest average life. Money...

Tom Zimmerman And Laurent Gauthier

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, futures securities trading, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American...

Mortgage Prequalification Calculator

How much of a home and mortgage can you afford? - Use this loan qualifying calculator to determine the approximate maximum amount of mortgage and home you can qualify for based on your income and debt.  Results will indicate your qualifications using 4 different types of loans; interest-only, 30, 20 and 15 year mortgages. The more exact your information entered the more accurate the estimate will be.   

No Telecheck Payday Loans

You probably remember the situation in your life when you really needed money and you needed it fast Unfortunately, it is often impossible to get the money from your friends or relatives or even from a bank or other institutions, since they credit check you, want you to have no other financial obligations, etc. You probably started thinking of the payday loans.

Operating Expenses

As the name suggests, operating expenses includes all regular expenses associated with the running of the property. They include scavenger (trash collection), janitorial, maintenance and management services, as well as utilities, fees, service contracts, supplies, taxes, insurance and advertising. The underlying theme to operating expenses is that they are costs involved with the day-to-day operations of the investment. It is also necessary for the beginning investor to understand the...

Fee simple defeasible

Also sometimes called a determinable fee, conditional fee or qualified fee estate, the fee simple defeasible estate is a slightly more restricted for of inheritable, fee simple ownership. The basic restriction of the fee simple defeasible estate is that the ownership interest is conditional on either a current status (condition precedent) or until a new event or status (condition subsequent). o Condition precedent.

Product Definition And Terms

A mortgage is a loan that is secured by an underlying asset that can be repossessed in the event of default. For the purposes of this chapter, a mortgage is defined as a loan made to the owner of a one- to four-family residential dwelling and secured by the underlying property. Such loans traditionally have been level-pay fully amortizing mortgages, indicating that principal and interest payments are calculated in equal increments to pay off the loan over the stated term. There are, however, a...

Genworth Life and Annuity

Genworth Financial Group is an international financial-services company headquartered in Richmond, VA. The company was spun off from General Electric Financial in 2004 in an initial public offering that raised about 2.8 billion. At that time, this was the14th largest IPO of all time. A secondary offering in 2005 raised an additional 2.6 billion.

Option ARMs

Doc Mortgages Origination Volume

If one were to design a loan that would blow up the maximum number of borrowers the moment home prices stopped rising, an option ARM would be it. Also known as a pay-option ARM and sold under names like Pick-A-Pay and Pick-A-Payment, this is a 30- or 40-year adjustable-rate mortgage that, for the first five years, gives the borrower the option each month of paying 1 the fully amortizing interest and principal, 2 full interest only, or 3 an ultralow teaser rate typically 2 to 3 percent that...

P Ay PAy PAy P

Amount Paid Mortgage Statistics

As yields fall, mortgage rates fall and prepayments rise due to the refinancing incentive , which causes cash flows to increase in the near term and shortens the MBS. This will reduce duration. Conversely, as yields rise, mortgage rates rise and prepayments decrease, which decreases cash flows in the near term and extends the bond. This will increase duration. This reverse relationship is what causes negative convexity Holders of MBS generally do not want to be exposed to interest rate risk....

Mortgage instruments for dealing with the tilt

There are a number of mortgage instruments that can assist in overcoming capital market imperfections and replace mortgage contract designs that suffer from the tilt. Mortgage contracts vary in the manner and extent to which risk is shared between the borrower and the lender. For example, the variable rate mortgage places the adverse effects of unanticipated inflation with the borrower. The borrower takes the full burden of the tilting of mortgage payments. In contrast the fixed rate mortgage...

The tilt and cash constraints

Mortgage Tilt Effect

The discussion of mortgage demand presented in Chapter 2 and Chapter 3 briefly noted the importance of the so called tilt, that is the tilting of the real value of mortgage payments towards the early years of the debt. The presence of the tilt meant that borrowers might experience cash flow problems, and a case was made for using the nominal, rather than the real mortgage interest rate when estimating mortgage demand equations. The tilt is likely to be particularly problematic at times of high...

CDO Structure Coverage Tests

Coverage tests are meant to ensure that sufficient collateralization or interest coverage levels are maintained to protect a CDO's rated debt tranches. Coverage tests generally consist of par value tests or collateralization tests and interest coverage tests. A par value test typically seeks to maintain a minimum ratio of collateral portfolio amount to the par amount of CDO debt tranches. - For example, in a Class A, collateral par value par amount of the Class A notes gt X the par value...

CMO Structures Io Po Characteristics

When rates rise, prepayments generally decrease, which causes the bond to extend. Generally, this will increase the value of the IO since there is more cash flow, and Typically will decrease the value of the PO since POs are purchased at a discount to par and the par payment is now received further out in the future. When rates fall, prepayments typically increase, which causes the bond to shorten. This generally decreases the value of the IO since there is less cash flow, and Generally...

How Much House Can I Afford?

Learn how much home you can afford to buy based on your salary or income with our "how much house can I afford calculator". This simple mortgage calculator uses your income monthly bills and available down payment to determine how much mortgage you can afford based on current loan requirements and your debt to income ratios.

1000 dollar payday loan

Often small money problems can keep us awake at night, therefore the faster we sort them out the better. Currently there are alternatives to asking friends or family to borrow small amounts of cash until finally we get our upcoming salary. So when we must acquire funds fast we can now access the web for help of an instant loan. Overnight payday cash loans are the new generation small amount loans, now available online, that provide comfort and speed.

Payday Loans Online No Faxing

Everything changes and the sooner you adapt yourself to the changing life conditions and environment around you, the easier you survive, or else you may find yourself alienated. To keep with tempo of the changing world, you too must be quick and up-to-date. This might occasionally be a cause of some financial pressure.

What is a 5 Year ARM Mortgage?

A 5/1 ARM is a particular type of adjustable-rate mortgage. It is also known as a 5/25 mortgage. A 5/1 ARM starts with an initial fixed interest rate for five years, then switches to an adjustable rate mortgage. This means the interest rate changes from month to month based on an external index.  An interest rate that changes on a monthly basis can create problems for homeowners.

Determinants Of Prepayment Speeds

School Dotted Line Font

Prepayments are the chief determinant of a pass-through's investment performance. Over a holding period, the amount of repayment and actual collections of interest are a function of realized prepayments. So too is the price performance of a pass-through a function of the market's expectations of future prepayments. Duration Drift Effective Duration of 30-Year FN5.5s and 10-Year Swap Rate Duration Drift Effective Duration of 30-Year FN5.5s and 10-Year Swap Rate The causes of prepayments in full...

Financial Trouble: Alternative To Filing For Bankruptcy

If you are dealing with financial troubles, you have plenty of options besides declaring bankruptcy. While filing for bankruptcy is a good option for some, it should be a last resort for everyone with an unpaid debt. Below, we take a look at a few alternatives to bankruptcy. Negotiate With The Creditors Ever debtor has the option to negotiate with his creditors.

How to Dispute a Credit Report Error

More than 2 3 of credit reports contain errors. Almost 1 4 of credit reports contain errors that can negatively impact a credit score. Because your credit report contains information that is reported about you, mistakes are made. However, if someone looks at your credit report, he or she assumes that what it contains is accurate, whether it is a potential employer, or an insurance underwriter trying to figure out what premium you should be charged.

Are you protecting your customer's identity?

Do you have protective measures in place to guard your customer's information Just recently, the Department of Justice busted one of the largest identity theft cases they have ever prosecuted 40 million credit card numbers were stolen from nine major U.S. retailers. Now, you might think this type of thing only happens to small retailers . It doesn't. In this particular case Office Max, Sports Authority, Barnes & Noble, Forever 21 and DSW Inc. were among the companies targeted.

Your Online Guide To Credit Repair

If your credit has been damaged, whether by unforeseen circumstances or poor decisions, it can be easy to get pulled in by companies that offer a quick fix. The truth is, however, that repairing credit can take a long time and a high amount of commitment. A company offering to erase your credit, remove bankruptcies or liens, or even offer you a new credit identity is almost always a scam. The best way to repair your credit is to make a realistic debt repayment plan and stick with it.

How to Get Your Free Credit Report

Your financial reputation is very important when you decide to apply for loans, insurance and even a job. How you have been discharging your obligations is one way for others to determine whether or not you present some kind of risk to them when they loan you money, insure your vehicle or hire you to do a specific job. On top of that, you should know that identity theft can ruin your financial reputation, leaving you in a tough position.

Make sure you can take that year-end deduction

When you're spending money to get a tax deduction for your business by the end of the year, you might as well make sure the deduction will hold up when your friendly neighborhood IRS agent comes calling. If you're a cash-basis taxpayer - if you aren't sure, check your business tax return or your 1040 schedule C or schedule F - you will need to show that you spent the money to claim the expense this year. Some things to remember A credit card is as good as cash.

Mobile Home Lot Lease Agreement And Security Deposit Receipt

THIS INDENTURE, made this _1_ day of 2 between _3__ , hereinafter designated the Lessor, and 4 . hereinafter designated the Lessee, That the said Lessor does by these presents lease and demise unto the said Lessee the mobile home lot situated at _5_ , upon the following terms and conditions. 1. Term The premises are leased for a term of _6_ , commencing the _7_ day of _8_ , and ending the _9_ day of _10_ . IF THE ABOVE TERM IS MONTHLY, LESSEE HEREBY WAIVES THE RIGHT TO A TERM OF ONE YEAR OR...

How To Improve Your Credit Score and History

Your credit history is a vital part of your financial life. Every time you apply for a credit card, make a payment on your auto loan or change your residence, that information is noted in your credit history. While some information, such as your address, gender, and marital status can't be used to make decisions about whether or not to lend you money, financial information about your credit habits can be used to determine interest rates on loans, the insurance premiums you pay, and in some...

Federally Sponsored Mortgage Passthrough Programs

Two main factors have contributed to the initial success and subsequent massive growth of the agency pass-through programs the guarantee of timely payment of principal and interest1 and the high degree of standardization imparted to the securities. At the same time, the expanding market for pass-throughs has promoted competition and innovation among mortgage lenders and the development of automated underwriting and other applications of technology to mortgage origination and servicing. As a...

The Spend Centric Model

Flattening Yield Curve Chart

Amex is the world 's largest issuer of charge and credit cards as measured by purchase volume, with over 90 million cards in force generating over 650 billion of annual spending. BusinessWeek ranks it 15th among the top 100 global brands, and Forbes ranks it 17th among the most admired companies in America. Amex's business model, which the company terms spend-centric, is focused on attracting premium card members who spend more per card, which in turn allows Amex to charge premium prices to...

Differences Between The Fifth And Sixth Editions

Money managers must justify their management and transaction costs to clients. Consequently, all money managers eventually must demonstrate to their clients how much value they have added to portfolio performance above and beyond what could have been achieved by employing a lower-cost buy-and-hold strategy. As the editor of The Handbook of Mortgage-Backed Securities, I am effectively the portfolio manager of the assets of this book the chapters. The sixth edition must justify to my current...

Realized Compound Yield Over the Bonds Life

In Chapter I, we proposed the concept of total realized compound yield as an important value measure for investors seeking full compounding over the life of a long-term bond. It supplements yield-to-maturity in two ways by including interest-on-interest for the full life of the investment at various assumed rates, and by including, where pertinent, interim price fluctuations. Thus, every bond offering can be related to four interest rates 1 the coupon rate 2 the yield-to-maturity which can...

Perspectives on the maturity of mortgage debt

The maturity of mortgage debt, as a contractual feature and a household choice, has played a variety of roles in the mortgage economics literature. For example, the analysis of mortgage credit rationing by Kent (1980) focuses upon maturity as an element of the mortgage contract that can be varied to clear the mortgage market when it is in temporary disequilibrium. Moreover, the maturity of debt can be used as an indicator of mortgage credit rationing. This view should be qualified to the extent...

Single Premium Immediate Annuity Guide

Dating back to the beginnings of annuity contracts, the single premium immediate annuity is the simplest, most basic of annuity products. Its uses are many, its drawbacks few yet today it is overshadowed by its more colorful and complicated relatives, the deferred annuities. It deserves more recognition. In America, immediate annuities began with the tontines issued by the Equitable Life Assurance Society in the late 1860s.

Faxless Payday Loans

In the time of the modern technology revolution, the time of the Internet, mobile phones, laptops and hotspots at almost every coffee shop, hotel and other public place. Thanks to all of this, it is now possible to apply for faxless bad credit payday loans from almost any place in the world (unless there is no Internet access available). So let us start with the term itself. Payday loan is a short-term cash advance that is made to meet the applicant's emergency financial needs.

Payday Loans Phoenix

People whose daily expanses depend on their monthly pay are often under the strain of securing financial means for meeting costs just in the middle of the month. So they are hunting for a payday loan. But they might not be having necessary papers waiting at hand to show them to the lender when he asks for them. In this situation the loan might not be in the hands of borrower in time.

Online No Fax Payday Loan

Online no fax payday loan might help you get instant cash when you really need it and have nowhere else to go. As there is no paperwork, this loan is known as online no fax required payday loan or no fax required payday loan. Online no fax payday loan is a perfect solution for those who really need money fast. This kind of loan can help you go through the most difficult moments in your life (at least when it comes to the financial issues).

Your Payday Loans Source

With several thousand financial institutions offering same day payday loans online in the web based and traditional marketplace, no doubt it is tough to locate legitimate cash advances. Even so, with some comprehension of moving along the big ocean of best instant online loan creditors, people are able to establish legitimate guaranteed 200 dollar loan advances without the associated pain.

How Much Should You Have In An Emergency Fund?

Psst, I make money on some of the links in this post at no cost to you. It keeps the lights on around here. Hey, Picky peeps Today I have a special post for y'all. I wrangled some fellow money enthusiasts from around the web and asked, How much should people have in their emergency fund This is a surprisingly contentious debate in the personal finance world, so I was curious to see everyone's answers.

HARP - Home Affordable Refinance Program

In the wake of the housing crisis, millions of homeowners saw their home values plummet. At the same time, interest rates dropped to historic lows. Without enough equity, however, traditional mortgage refinancing wasn't an option. That's one major reason for the implementation of the Home Affordable Refinance Program, and you can learn more about it below.

Faxless Online Payday Loan

Most of us had, have or will have some financial problems. It is often inevitable, but there are many ways to deal with them, some are more and some are less convenient. You may for instance borrow money from your friends or relatives or go to the bank and deal with tedious procedures. However, some people don't like being dependent on their relatives and friends or don't want them to know about their problems. Others just don't have such opportunities.

7/23 Adjustable Rate Mortgage Calculator

Calculate the monthly payments for a 7 / 23 ARM loan and view how much the first loan adjustments will be. A 7 / 23 ARM is fixed for first 7 years of the loan, then becomes an adjustable rate mortgage. This adjustable rate mortgage calculator displays worst case scenario as principal pay-down is not calculated. All loan options assume a 6% lifetime interest rate cap.   

Adjustable Rate Mortgage Calculator

Calculate the monthly payments for an adjustable rate mortgage (ARM loan) and view worst case scenario of mortgage rate adjustments and their affect on you monthly payments.  Traditional adjustable rate mortgages will adjust a maximum of 1% ever 6 months or 2% or every 12 months. 

FHA Mortgage Insurance

Calculate the up-front FHA mortgage insurance premium (FHA MIP or UFMIP) and the monthly FHA mortgage insurance (FHA MMI). View current FHA loan requirements based on loan amount, loan to value and mortgage amortization terms with this FHA mortgage insurance calculator and learn more about FHA mortgage insurance below.

Pay Option ARM / Pick a Payment Mortgage Calculator

This popular negative amortization adjustable rate mortgage offers the flexibilty of 4 different mortgage payments on each statement. If you are thinking of using  pay option ARM / pick a payment loan to purchase a home, get a clear understanding of how this loan works with this pay option / pick a payment mortgage calculator. 

Google Fi: An Honest Review

We ditched AT&T and Verizon for a more affordable cell phone plan with Google Fi. This wasn't an easy decision. We weighed the financial implications, coverage, and switching from our Picky-approved Galaxy S5 phones to the unknown Nexus 5X. Why We Switched to Google FiMr. Picky Pincher and I were on separate cellphone plans. This was due in part to post-marital laziness and also due to the expense of breaking our two-year contracts.

The Volatility of Bond Prices

It is sometimes erroneously supposed that the volatility of high-grade bond prices in response to a given change in yield is entirely a function of maturity. This is only partly true. There are two other factors which affect volatility importantly the coupon rate and the general level of yields. All things else being equal, with the same percentage change in yield, the volatility of the price of a bond increases 1 As maturity lengthens, the longer the maturity, the greater the price volatility...

FHA Mortgage Calculator

Buying a home using a FHA mortgage? Calculate the PITI mortgage payment with taxes and insurance for a FHA loan. This FHA mortgage calculator also provides the down payment, monthly FHA mortgage insurance (FHA MIP) and the FHA upfront mortgage insurance premium (UFMIP) of a FHA home loan. Lastly, view the minimum income required to qualify for the home's sales price and calculated FHA loan amount with this free, simple, FHA loan calculator with taxes and insurance.

VADM or Very Accurately Defined Maturity Bonds

VADM structures were created to limit extension risk if rates rise and prepayments slow down. In a VADM bond, payments are scheduled within a prepayment band however, the range includes 0 PSA. There generally is no extension risk and VADMs mature on their stated maturity date. VADM structures are found only in CMOs with Z bonds. This is because all of their cash flows come from the period of lockout from the Z bond while the interest is creating accretion. If the Z bond is large enough to...

Risks Associated With Mortgages And Mbs

Psa And Cpr Mortgage

Holders of fixed income investments ordinarily deal with interest-rate risk, or the risk that changes in the level of market interest rates will cause fluctuations in the market value of such investments. Under most circumstances, interest-rate risk can be hedged through either the cash or derivative markets. Mortgages and associated MBS, however, have additional risks associated with them that are unique to the products and require additional analysis. In the following discussion for the sake...

Equilibrium rationing separating equilibrium and liquidity constraints

This section examines the evidence for equilibrium credit rationing Sti-glitz amp Weiss 1981 Williamson 1986, 1987 . Given that empirical research in this area is sparse, then both UK and US work are discussed together. The US is particularly interesting in that default risk is fully insured for the Federal Housing Association, but not for the alternative conventional lenders. This has led to a number of interesting studies. For example, Duca amp Rosenthal 1991 use time series data to explore...

Why the bully pulpit is important - and it's not what you think

Lately, our political leaders are talking past each other - straight into the ravenous, relentless, non-forgiving cable news cycle. Their soundbites are increasingly lost on the people they're intended for. It's actually quite painful to watch, especially when you compare it to some of the best communicators of times past. The term bully pulpit is widely misunderstood because of the commonly used definition of bully in modern America.

Mortgage Calculators

Below is the large collection of powerful mortgage calculators. We have mortgage calculators to assist you with everytype of mortgage loan, purchase or mortgage refinancing. All of our mortgage calculators are located below. Simply click on a link to access specific types of mortgage calculators. Please feel free to suggest any type of calculators you would like to see.

Mortgage Calculator with Taxes

How to calculate your mortgage payment with taxes and insurance and pmi if required when buying a home. This is known as a PITI mortgage payment when buying a home. This mortgage payment calculator calculates your mortgage payments with property taxes, insurance and if applicable, private mortgage insurance for 30yr, 15yr, mortgage loan amortization. Are you a Veteran? Try our VA Mortgage Calculator with Taxes

External Credit Enhancements

External credit enhancements come in the form of third-party guarantees that provide for first-loss protection against losses up to a specified amount. Historically, the most common forms of external credit enhancements have been 1 a letter of The author is grateful to Bill Berliner and Jonathan Lieber of Countrywide Securities Brian Grow, Ray Morel, and Weili Chen of Standard amp Poor's and Patrick Fitzsimonds of UBS for their helpful comments. credit, 2 bond insurance, and 3 pool insurance. A...

AXA Annuities

AXA Equitable is the U.S. arm of AXA Group, a French company whose holdings comprise the 15th-largest company in the world, according to the 2007 Fortune Global 500. In 1991, AXA Group acquired a controlling interest in The Equitable Life Assurance Society of the United States, known as The Equitable. AXA Group bought out remaining minority shareholders in 2000 to complete its acquisition of The Equitable.

Sometimes lenders signal appraisers to lowball their value estimates

Sometimes they push too high. Sometimes they come in too low to justify the amount of your mortgage loan. We had spent almost a year looking at houses, says Phil. We liked a lot of them, but for one reason or other nothing quite excited our fancy. Then one Saturday we drove by a house we knew we had to have. It was priced right or I should say, we thought it was priced right. Less than 10 days before closing, we learned the lender's appraiser had reported a different...

Mortgage Payment Calculator

Use this advanced mortgage payment calculator to calculate your PITI mortgage payment when buying a home. This is the only mortgage payment calculator which automatically calculates the mortgage payments with principal, interest, property taxes, insurance (PITI) and if applicable, private mortgage insurance of three different mortgage loans side by side.

Frugal Fail: Sewing My Own Clothes

It's time for another awful frugal fail, everyone This week I've failed miserably at making my own clothes. Why Did You Even Try That, Mrs. Picky Pincher Sure, clothes are pretty cheap (if you're like me and shop at thrift stores, anyway). But I have a fantasy about sewing all of my own clothes. I come from a family of women who sewed fantastic clothing. My mom sewed her own prom dress and regularly sewed amazing dresses for me growing up.

Upside Down with an Underwater Mortgage?

Real estate is traditionally a sound investment. Steadily growing in value over time, people have long relied on the equity value in their home to trade in to larger homes or completely upgrades and renovations. Unfortunately, this changed with the housing crisis of the last decade. Homeowners across the country watched in horror as their property values tumbled lower and lower. With property values lower than the amount owed on the mortgage, homeowners have been desperate for mortgage relief.

Home Loan Calculator

Calculate a home mortgage payment with taxes, insurance and PMI (Private Mortgage Insurance) with this simple mortgage calculator. Home loan calculator can be used to calculate mortgage payments for purchase or refinance mortgage loans with from 10 years up to 40 years amortization and includes income needed to qualify for a home loan and PMI removal information. View mortgage calculators for specific home loan programs such as a FHA mortgage calculator and a VA home loan calculator for veterans.

Simple Mortgage Calculator

Easily calculate a monthly mortgage payment with taxes and insurance for fully amortized mortgages or simple interest only mortgages with terms from 10 years to 40 years. This simple home loan calculator only requires you to enter a mortgage loan amount, select a mortgage interest rate and loan amortization term. You may also calculate your full PITI mortgage payment with taxes and insurance by entering estimated annual property taxes and home owners insurance into this simple, easy to use online mortgage calculator.

Single Life Annuity

A single life annuity is simply an annuity, either deferred or immediate, that is owned by one single individual. It is not owned jointly between a husband and wife. With most single annuities, the payments end upon the death of the annuitant. However, there are a number of options for naming beneficiaries and guaranteeing that principal will not be lost if the annuitant dies before the full amount of his or her premiums are returned.

300 dollar payday loan

Individuals looking for a fast 300 dollars loan like a 300 dollar payday loan had to go through a long operation of sending an application to a neighborhood loan kiosk, send in the connected documents and lose time waiting for several days before the lender confirmed approval or not. The only way the physical world loans 300 dollar providers were able to validate the details posted by the applicants was by making phone calls to the source of the information.

No Fax Payday Loans

Some people are not familiar with the term payday loan , but those who are, should know that it is an extremely helpful tool in the hands of somebody that is in need. You should remember that payday loan is as the very name suggests only a loan, but it can help you go through the biggest financial crisis before your payday arrives. Payday loans can help you in overcoming all those emergency financial problems.

Understanding The Dave Ramsey Credit Score Myth

Dave Ramsey is a popular radio and television talk show host and the author of several bestselling books. He has built his legacy on helping American families conquer the bondage of debts. He helps people with all aspects of personal finance and financial planning, but he is most famous for his Debt Snowball Method of helping people eliminate their debt. He believes that people should be debt free, and he believes it so strongly that he tells people that they do not even need a credit score.

Fixed Annuity Pitfalls: An Overview

Annuities have gotten a bad rap for having hidden fees. It's true, fixed annuities have their pitfalls, as does any investment, but most of these problems are easy to avoid for wary investors Don't invest in fixed annuities with cash you'll need tomorrow. Your premium is safe, but early withdrawals are subject to fees. Investing Too Young You'll be charged a 10 IRS tax penalty on income withdrawals made under the age of 59.5. Guaranteed rates don't always last the full contract term.

Subprime Prime Rate Spread

Subprime Prime Spread Bbb Aaa Spread

In general, interest rates on subprime mortgages are higher than on prime mortgages to compensate the lender for the additional default risk associated with subprime loans. In this section we analyze the time series of the subprime-prime rate spread, both with and without adjustment for changes in loan and borrower characteristics. We focus on fixed-rate mortgages for this exercise. For hybrid mortgages the subprime-prime comparison is more complicated because i both the initial teaser rate and...

Annuity Advice

The recent worldwide financial crisis and accompanying recession have wreaked havoc on the portfolios of countless investors. In addition to the visible changes, this steep and prolonged downturn has also changed the attitudes of investors. First-hand experience with the volatility of equity markets has renewed appreciation for safety and security as investment attributes.

About the Good Faith Estimate GFE

The good faith estimate GFE is one of several government-required disclosures that you will receive at the time of or within three days after application. It is a legal requirement that all lenders must follow. The GFE provides the borrower with an honest approximation of the closing costs, down payment balances, prepaid expenses and all other charges that the borrower must address at the closing. The borrower should hold the lender to this estimate, with some obvious leeway. The lender must...

How Annuity Payments Work

An annuity is a financial contract between an investor and an insurance company. The investor gives the insurance company a specified amount of money in exchange for guaranteed payments. Annuities can either be deferred, meaning that taxes on the earnings along with the distribution of payments are deferred until a later time, or they can be immediate. With an immediate annuity, the payments normally begin within 12 months of the start of the contract.

Qualified vs Non Qualified Annuities

Financial planners and investment advisors, along with the Internal Revenue Service, make a distinction between non-qualified annuities and qualified annuities. Investors, however, are sometimes confused as to what determines whether the funds used to purchase an annuity are non-qualified or not.

Hooray! I'm Unemployable

While I've made no secret about the fact that I spent several years of my life as a genuine self-help junkie, I haven't talked much about how that led me to quit working for others. Even though I'm still not certain about all the rewards of that exploratory journey, the biggest gift was discovering things about myself that had been buried, hidden, or ignored. I began trusting my own instincts and came to realize I needed to act on those things I'd uncovered.

Fidelity Annuities

Fidelity Investments is a financial services company that began in 1946 as a mutual fund company. Today, Fidelity Management and Research LLC (headquartered in Boston) owns and manages mutual funds throughout North America and is the world's largest mutual fund company. As of September 2007, it managed over 1.57 trillion for over 23 million investors in over 400 funds. In 1969, Fidelity International Limited was spun off to handle international investments.

When Is It Time to Change Careers

Career shifting is very rampant in today's work environment. Recent studies point out that the average employees change careers due to many reasons. However, if you're planning to change your career, you must determine the pros and cons before jumping out of your current boat. One of the essential things to consider is to know your strengths and weaknesses .

Are business cards dead?

Believe it or not, in this age of high technology, smart phones, LinkedIn, Facebook, and hundreds of other apps, the business card is still alive and well. It is still a universally accepted tool that allows for quick information sharing with little to no pressure. I will admit that I typically only use the business card to get the contact information into my database or connect with the individual on LinkedIn but without it this task would be a lot harder.

What does “Frugal” Mean, Anyway? The Picky Pinchers' Definition of Frugal

Photo credit Love it via photopin (license) These days, the word frugal is often used as a synonym for cheap, miserly, or tightfisted. Because of this, a lot of people have misconceptions about frugal lifestyles and choices. You make your own yogurt Why It's four dollars at the store.

How to Save Money on Halloween

It's no secret that Halloween is my favorite holiday Even though I'm an adult, I still get excited every October 31. Unfortunately Halloween can really add up when you're in the big, bad world The costumes, candy, and parties can really take a toll. Here are our frugal solutions for the spendy, spooky season. CostumesThis year I think Mr. Picky Pincher and I will dress up like our favorite cartoon characters, Bob and Linda Belcher from Bob's Burgers .

Avoid fighting even the little gorilla

In case you haven't heard, YouTube won its case against Viacom, who sued for copyright infringement based on thousands of Viacom videos that were uploaded to YouTube. Now that YouTube escaped liability for piracy, you may post ANYTHING you like on your website, right To put the answer in legal terms no, no, No, NO. The 1000-pound gorilla just defeated the 800-pound gorilla. (800-pound gorilla has vowed to appeal.

One Year Of Savings With Google Fi

ALL BLOGS, SUCCESS ONE YEAR OF SAVINGS WITH GOOGLE FI Psst, I make money on some of the links in this post at no cost to you. It keeps the lights on around here. If you had told me in early 2016 that I'd end up paying 20 month for my phone, I'd say you were crazy. At the time, I had heard of budget cell phone providers like Ting and Republic, but they seemed sketchy when compared to my fancy Verizon contract.

Significance Of Code Section 1245

ACRS , 133 acceleration clause, 181 additional principal payment, 181 adjustable rate mortgages ARMs , see also interest-only mortgage minimum-payment mortgage adjustment period of, 46-47 attraction of, 54 common indexes for, 47 defined, 46, 181 fully amortized, 189 hybrids, 190 and interest-only mortgages, 71 interest rate and payment caps, 47-48 negative amortization feature, 85 recent history, 53 risk of rate increases, 71 adjusted basis, 181 adjustment date, 181 adjustment period, 182...

How a Caveat Loan Can Increase Your Business Cash Flow

A caveat loan can help you operate your business and increase your cash flow. The loan is often used for expanding a business or paying off sizable debts. You can obtain this type of loan in just 24 to 48 hours as it can be collateralised. That means that you can secure the financing against property. As a result, there is no need for a credit check. An Easy Way to Apply for Money Business owners that are start-ups can profit from the loan for one of various reasons.

Cast of Characters

Descriptions include only information that is relevant to the stories in this book. Roland Arnall founder of Ameriquest Mortgage, Long Beach Mortgage, and other subprime lenders chairman, Ameriquest Capital Corporation. Eric Billings co-founder, chairman, and chief executive of investment banker Friedman Billings Ramsey FBR . Michael Blum managing director in charge of global asset-based finance at Merrill Lynch. Ralph Cioffi founder and senior portfolio manager of Bear Stearns two subprime...

FHA Down Payment Calculator

A FHA loan offers a low down payment mortgage for buying a home. Use this mortgage down payment calculator to determine the minimum down payment required to buy a single family home, duplex, triplex or fourplex using a FHA loan. View the down payment and maximum FHA loan amount with the calculated FHA MIP (mortgage insurance premium) as per the most recent FHA mortgage requirements.

T Rowe Price - Retirement Income Calculator Review

The T Rowe Price retirement calculator was found to be quite comprehensive , once I used the worksheets. Although originally, I thought it was too simplistic. One must click on the orange circles with the exclamation point ( ) in them to get explanations of what is being considered for certain calculations. Even though results are presented in a visually interesting manner, the results page does wind up being a bit simplistic.

Internal Credit Enhancements

Internal credit enhancements come in more complicated forms than external credit enhancements and may alter the cash-flow characteristics of the loans even in the absence of default. Credit enhancement levels i.e., the amount of subordination for each form of enhancement used within a deal are determined by the rating agencies from which the issuer seeks a rating for the tranches. This is referred to as sizing the transaction and is based on the rating agencies' expectations for the performance...

Use Of Interestrate Derivative Instruments

I conclude this chapter with a discussion of the use of interest-rate derivatives in nonagency MBS products to hedge interest-rate risk. The three types of interest-rate derivatives used in recent mortgage securitizations have been interest-rate swaps, interest-rate caps, and interest-rate corridors. These derivatives are over-the-counter or dealer products, not exchange-traded products. As a result, they expose the trust to counterparty risk. The use of derivatives in a transaction will be...