About 80 percent of the people that buy homes first go on the internet to see what is on the market and how much it is going to cost them. One of the most user friendly websites to help you in your home buying adventure is the Yahoo mortgage calculator. This site shows you all the homes for sale in the area you live in. Right at the top you will see your city in which you reside. The first thing you see is a map of your location. You can type any city or town into the website and the map will go to that location.
Once you find your location you narrow down your search by typing in the price range of the kind of homes you might be interested in. The website asks you for the dimensions of the house you want, such as how many bedrooms you want, and how many bathrooms you want your home to have. You type in all the information and the homes for sale show up on the map.
On the same website, besides having the map, there is also the Yahoo mortgage calculator asks you to type the price of the house you are interested and it will give you the monthly payments and the duration of the loan. All you have to do is click on the link for the information that you want. If you want to know the duration of the loan, you would then click on the comprehensive mortgage calculator link. There is a wealth of information on the Yahoo mortgage calculator.
If you are interested in buying a home in a given city, you can type in the city and find out the demographics of that city. The Yahoo mortgage calculator will show you the neighborhood profile of where the house you are interested in buying is located. It shows you the population of that city, and the percentage of population growth. The Yahoo mortgage calculator will even tell you the number of residents per square mile of that city.
The Yahoo mortgage calculator gives you a synopsis of the average weather during the months of January and June. It tells you the amount of average rainfall or other precipitation. You can find out almost everything you could want to know on the Yahoo mortgage calculator. It shows you the rate of unemployment in that city, and even gives the percentage of Republicans, Democrats and Independents in the area.
If you are moving to a new city or town, the Yahoo mortgage calculator is the program to use. Just type in realestate.yahoo.com and it will take you to the city you live in now. Plug in the information it asks for and you are on your way to finding the home you want to purchase.
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Reverse mortgage calculator software is available online for the senior citizen to use to help them acquire a loan that they never have to repay. With the economy the way it is, retired people have a hard time getting by financially if they don’t have a nest egg to fall back on. The cost of living can cause hardships on the elderly, especially. If you are 62 or older and you own your home you may be able to qualify for a reverse mortgage loan. To find out how to get reverse mortgages you can go online and use free reverse mortgage calculator software. The reverse mortgage calculator website will ask you to type in information such as your name, age, address, and the value of your home.
Depending on where you live and the reverse mortgage program you choose, the amount of the loan may very. A reverse mortgage lets you borrow on the equity of your home and you never have to pay that money back for as long as you live in your home. The reverse mortgage calculator can help you decide which kind of reverse mortgage you want. There are 3 basic types of reverse mortgages available, which are the single-purpose reverse mortgage, the federally insured reverse mortgage, and the proprietary reverse mortgage.
The single-purpose reverse mortgage loan usually comes from agencies in your local and state government, but they can also be offered by some not-for-profit organizations. This reverse mortgage can be for living expenses, and home repairs, and it can be used to pay off loans etc.
The federally funded reverse mortgage is available from HUD (Dept. of Housing and Urban Development). To qualify for this loan you must talk to and be approved by a HUD counselor.
The proprietary loan is a federally insured loan offered by private loan companies. This loan can be used for any purpose. You can go on a vacation with it, buy gifts for loved ones, or use it in any way you please. This loan is the most expensive type loan because there are upfront fees, where with the other two loans there are not.
The different reverse mortgage plans have different rules, and the reverse mortgage calculator software found online can help you decide which plan is best for you. The websites that have this software serve as portals to help get you to the lending company or government agency or counselor that will expedite your reverse mortgage loan.
To find a reverse mortgage calculator and reverse mortgage guide you can go to reversemortgageguide.org. You can download a guide to help you decide what is best for you. Typing in your information into a reverse mortgage calculator does not obligate you to getting the loan. If you do decide to get a reverse mortgage loan, you will never have to pay that money back as long as you live in the home.
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