which loan is better for you?

Hey guys, here is very interesting mortgage calculator which can compare your two loans and suggest you which would be better for you. By comparing your monthly amount, interest and closing cost for both the loans, it will show you the clear data from where you can see how much you can save by choosing particular loan out of given two. They named these loans as Loan1 and Loan2 in its calculator.

How to use this Calculator:

• Fill out information like amount, interest rate, length, points and closing cost for loan 1.
  
• Fill out all the required information for loan2 too.
• Press 'Calculate' button after filling out all the needed data for loan1 and loan 2.
• See your results which will show you different values for both the loans. From this result you can clearly get an idea for which loan you should go.

To use this calculator, click here http://eaglenationwidemortgagetx.com/calculators/which-loan-is-better.php

Bi-weeky Mortgage Payment

Hello guys!
Do you know what is the meaning of bi-weekly payments of Mortgage? This is proving as a very interesting and helping way for many mortgage people. This is a way to pay less interest on your home loan and pay off your loan early. It means you can pay your monthly payment in two installments as you would be able to pay half monthly payments after two weeks. In this way you will pay 24 installments in year instead of paying 12 full payments. With this you can pay off your loan six to eight years early.

To calculate how much interest you can save in bi-weekly payments and in how much time you can save, check Bi-weekly Calculator. By just putting amount, interest rate and time span, it will show you the results of how much money you can save from your interest and taxes and number of years saved. The result show you the clearly difference between paying standard loan or bi-weekly loan.

To use Bi-weekly calculator, Click on to http://eaglenationwidemortgagetx.com/calculators/standard-vs-be-weekly-calculator.php

Why should use FHA Home Loan

Yesterday we discussed few things about FHA financing, hope you get a basic idea of what is FHA and how it is useful. Today i want to throw more light on this topic, here i will discuss its benefits in detail.

Why we should choose FHA Financing:

• Very low down payment i.e 3.5 % of sales price
• No reserves or required
• Seller can credit up to 6% of sales price towards buyers costs
• Low FICO credit score
  
• Superior Debt Ratio’s than other home loan programs.
• And much more. . .

You can check its more benefits by just log on to http://www.eaglenationwidemortgagetx.com/fha-financing/

FHA loan Programs

FHA home loan are insured by Federal Housing Administration which is open for all home types. It makes buying a home easy and inexpensive. Its very beneficial to purchase home for First time buyers or who is buying his second, third or nth home. There is no bound that whether you are first time buyer or not, You can qualify for FHA loan programs.
Benefits of FHA loans:

1. Credit Qualifying Guidelines is easy
2. Minimum down payment
3. Debt Ratio & Job Requirement Guidelines easy
4. Minimum Closing cost

We will further discuss on FHA loans for next few days. For now you can check out http://www.eaglenationwidemortgagetx.com/fha-financing/ for further information.

Interest Only Calculator

Interest Only Calculator is useful for calculating change of interest only. You can calculate after how many months or years your interest rate can change and how much you have to pay interest for your loan. This calculator gives flexibility to the borrowers that they can either repay some portion of their loan or pay interest only.
Steps to calculate:

• Fill out your principle amount
• Interest rate
• Time period of repaying your loan
• Click on 'Calculate' button
  

It will show you the financial analysis which will include monthly payment and interest figures. Check out this link for using Interest only calculator http://eaglenationwidemortgagetx.com/calculators/interest-only-calculator.php

Requirement of Counseling in Reverse Mortgage

Counseling is vital for Reverse Mortgage person as it is great consumer protection service available for the ease and understandability of Reverse Mortgage People. It requires a third party to make sure that you have fully understand the reverse mortgage procedure and also reviewed other available options before get into reverse mortgages.

For fulfilling this requirement, Counselor check following things:

• Are you financial status is good enough for entering into Reverse Mortgages
• Other alternative options available for consumer
• Tax consequences that effect borrowers eligibility
  
• home equity conversion options

To go into details about Counseling process, Log on to http://www.eaglenationwidemortgagetx.com/reverse-mortgages/

Decision Calculator

Hello friends,
There is one more useful calculator known as Decision Calculator. Today i am going to explore something on it. Decision calculator helps you when you are in confusion, where you have to choose between whether you should have second loan or pay PMI. It gives you the accurate results and show all the figures clearly so you can compare and decide which option is better for you.

Its very easy to operate, anyone can easily use this software online without having any difficulty. You are just required to fill out some figures like Your annual PMI, home value, down payment and interest rate etc and results will be out with detailed figures of upfront cost, annual finance, closing cost and many more details.

You can use this calculator by just clicking on http://eaglenationwidemortgagetx.com/calculators/second-mortgage-calculator.php