Loan Modification

AMALoanModification.com – Helping Homeowners avoid foreclosure with a Loan Modification. Free consultation and 100% Money-Back Guarantee for services rendered. Homeowners who are late on mortgage payments, have high adjustable rates or are facing foreclosure can save their home today with our attorney-backed services. Take Action Today and contact AMA for more detailed Loan Modification information!

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Can somone show me how to calculate a mortgage payment

like for example

what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?
Can somone show me how to calculate a mortgage payment

like for example

what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?

I need to know how to do the mathematical calculations, don’t just give me the anwser.

monthly payment = interest portion + principal portion
m1=12 in us the interest is compounded monthly
(in canada m1=2, interest is compounded semi-annual)
m2=12 payment every month
YR=25
%int=6 percent annual interest
n= m2 * YR = 12 * 25 = 300
int=%int / 100 / m1 = 6 / 100 / 12 = 0.005
INT = (1 + int) ^ (m1 / m2) -1
INT = (1 +0.005) ^ (12 /12) -1 = 0.005
PV = loan = 200,000
F1 = interest portion of mortg
F1 = PV * INT = 200,000 * 0.005 = 1000
F2 = equal monthly payment factor
F2 = 1 – [1 + INT] ^ [ - n ]
F2 = 1 – [1 + 0.005] ^ [ - 300 ]
F2 = 0.77603432
PMT = monthly payment = F1 / F2 = 1000 / 0.77603432
PMT = 1288.60

I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.

I’ll try to explain this clearly, because it can be confusing:

Person Z buys a house using a mortgage from Bank Z. Bank Z takes Person Z’s mortgage and packages it up with many other mortgages. Bank Z then sells the mortgages to Company R.

Company R issues bonds using the mortgages as collateral. In effect, they are saying "Even if our corporate credit isn’t enough to convince you to buy our bonds, we’re backing them up with these mortgages for extra protection." Because the bond is secured, they can offer a lower coupon rate (the bond is less risky). Person A, seeing this great secured bond, buys a lot of them.

Now, interest rates rise and Person Z’s adjustable-rate, interest-only jumbo loan goes from $800/month to $3500/month. Person Z can’t pay and defaults on the loan.

The bonds that Person A bought have had their security defaulted on by Person Z. They are still backed by the homes themselves, but since EVERYONE is defaulting property values are plummeting. Even worse, the mortgage company is incurring huge costs to buy the house at auction and carry it on their books until they can sell it and get their money back. The bonds issued by Company R are much more risky now.

In order to compensate for the extra risk, investors refuse to buy Company R’s bonds until they can get them at a very steep discount. This means that Company R won’t raise as much money as they need. If Company R doesn’t raise much money, they likely won’t buy mortgages from Person Z’s lender any more. If the lender can’t sell it’s mortgages in the secondary market, it won’t have as much money to lend. Without much money to lend, the price of money goes up. If money is more expensive, other people have difficulty borrowing money. If everyone has trouble borrowing money, none can afford to buy the foreclosed homes and the downward spiral continues.

My friend was selling his house and couldn’t make the mortgage payments while the house was on the market. He said the real estate agent/company would pay his mortgage while it was up for sale. Then when the house sold, they deducted it from the price of the sale. How is this done?
Also, if you don’t make any mortgage payments while the house is on the market can it go into foreclosure?

the real estate agent "loaned " your friend money to make mortgage payments while the house was on the market,or during the closing period,,these payments were rightfully deducted from the net profit,if any,from the sale

http://1stopforeclosurehelp.net 9 ways to get stop foreclosure help and end your foreclosure. Read though at the and see how others stopped their own foreclosure or got the stop foreclosure help they needed.

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Senator Merkley appeared on the Ed Show to talk about how Congress must keep fighting for strong mortgage reform to help families avoid home foreclosure.

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ModTutor.com is proud to announce its “free” loan modification service, designed to empower the average American with the knowledge and confidence needed when requesting new mortgage terms from their lender(s). A video presentation of the service can be viewed at the URLhttp://www.modtutor.com/sneakpreview. Mod Tutor provides various tools which aid the homeowners to submit their own loan modification request and avoid using already depleted funds on a foreclosure counselor or real estate attorney. The confidence gained by homeowners who take advantage of this free system will allow them to address their mortgage concerns head on.

“We have families on the edge of foreclosure that are being offered things that are too good to be true, and we will take every measure we can to educate and protect consumers and homeowners, bring these scams to light, and work to prevent con artists from exploiting the housing crisis,” stated HUD Secretary Donovan in a press release this past April.

“Not all loan modification companies are scams, but many homeowners do not know which companies to choose and/or lack the financial capacity to hire professional services,” says Sammy Heard, Director for ModTutor.com

The major difference between MakingHomesAffordable.gov, a government-sponsored site, and ModTutor.com is that the information on ModTutor.com is broken down into easy-to-understand terms and formats. The main focus on most government sites is to assist homeowners whose loans are backed by Fannie Mae or Freddie Mac, only accounting for a small portion of homeowners, leaving the rest of the nation out on a limb. In attempting to modify their loan, many homeowners make simple mistakes during the submission process which gets them denied by their lender(s). Unlike most government sites which give you broad information, Mod Tutor has specific resources to help you avoid these pitfalls.

Created by loan modification professionals, the ModTutor.com site is a great free resource that includes an instructional video library, a comprehensive e-book, a question-and-answer discussion board, lender-specific modification forms, state foreclosure summation, and a breakdown of the Making Homes Affordable program.

“The country’s mortgage crisis has put many homeowners in a position where they feel that they have limited options and resources for mortgage assistance. Homeowners are flooded with multiple solicitations from mortgage professionals and even law firms touting promises of modifying loans and saving homes for an upfront fee totaling several thousands of dollars. At ModTutor.com we believe that with the proper education and resources, homeowners can work directly with their lender and accomplish the same results as professionals. We have developed a system, free of charge for homeowners, providing them the tools and resources needed to be successful in obtaining a loan modification,” says Paul Akinmade, Lead Designer for ModTutor.com.

A preview of the services provided can be viewed athttp://www.modtutor.com/sneakpreview.

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Technorati Tags: forclosure help, Free Loan Modificaion, loan modification, mortgage negotiation, save your home, trustee sale

Here is a quick up date with what is going on with the FED, FHA, Help 4 Homeowners and generally what the public can expect with the national bailout and credit crisis.

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Technorati Tags: bailout, Fed, FHA, h4h, Help?, homeowners, loans, Mark, Mortgage, RealEstateLive.TV, Stephan, update

http://www.RefinanceMortgageNow.net My new blog. Mortgage Refinance, home loan refinance, refinance mortgage loan, refinance home equity loan, refinance with bad credit, refinance loan rate, morgages

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Technorati Tags: consolidate, Debt, Help?, home, Loan, Mortgage, refinance, refinancing

Meet the people you call when you need help with your mortgage. Tywon is ready to help you save your home from foreclosure.

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Technorati Tags: foreclosure prevention, loan modification