I want to make a large payment on my mortgage, how do I recalculate my payments?
106386
you can use an amorization chart to recalculate or check out any refinancing website and use their mortgage calculator...remember your tax shelter will be affected,too
879103
multiply amount owed(pay off) by % and add. subtract that amount from the original amount. if I am understanding you correctly.
907399
you may have to go to a sub prime lender and pay a slightly higher interest rate.\n\ni would visit a mortgage broker, sit and go through it with them, they will recognise the best deal for you.
101150
You should go to a mortgage broker. They help you find the best mortgage lender for your situation. \n\nThey don't cost any extra as they just get a cut of the money the mortgage lender makes. At least that is the idea, you still have to be a wise shopper.
154381
solution is to refinance. you must get a broker or loan office that does this, as lenders are few and far between. amount of money will depend on age of mobile home, etc.
59544
fixed:\npros - your mortgage payment stays the same no matter what the market does.\ncons - your mortgage payment stays the same no matter what the market does.\n\nIf the interest rates go sky high, you are safe with your relatively low payment.\nIf the interest rates fall through the floor, you are now paying a relatively high amount.  This is when you refinance.\n\nWith a balloon (aka arm) mortgage:\npro - you pay less per month for the term of the arm (1 year, 3 year, 5 year, 7 year, or 10 year), with a lower percentage APR with the lower year arms.\ncon - after that year time is up, the rate can jump as much as 2 percentage points PER YEAR.  Your low 4.3% loan can become 6.3% overnight...and 8.3% the next year!  Suddenly, you're swamped!\n\nIf you are buying a house and KNOW you will sell it in 5 years, get the 5 or 7 year arm.  You'll pay less per month, so you can save up for the next house (either via deposit or overpay the mortgage to get equity).\n\nHope this helps!
594405
You can always refinance.  If your current loan has a pre-payment penalty, that may apply however.
865552
you likely have a bunch of equity in your home.  The value of your house has likely risen plus you have been paying into your mortgage.\n\nTalk to the financial institution that provides your mortgage, you'll likely qualify for a very large loan.
248629
Your total monthly housing payment (including taxes and mortgage and insurance) should be about 1/3 of your take home pay.  So, you can figure your mortgage by what that payment amount would equate to!\n\n:-)
193792
Possibly because you haven't been paying the minimum interest payments. I know on my interest only mortgage, they allow me to do this without penalty, essentially increasing my principle each month. They actually highlight an amount on my statement that is less than my interest, trying to trick me into paying less today. It's all part of the scam. Read your statement carefully and pay more than just the interest due.
261404
The mathematical formula for calculating your mortgage payment is MP = LB [ (I (1+ I)n)¸((1+I)n - 1)], in which MP is the monthly payment, LB is the loan balance, I is the monthly (annual¸12) interest rate and n is the number of periods for the amortization.
9051
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
969437
maximum is usually 3.25 x joint salary although abbey have recently introduced 5 x. You will need to provide payslips/P60 as evidence of earnings. In theory you should be able to borrow anywhere between £94250 and £145000.\n\nYou could also do a self certified mortgage, where you simply tell them how much you want, and that you can afford it, no need to prove earnings that way, but don't be tempted to push things to far past the normal limits.\n\nYou will need a deposit as well, 10% is considered about normal, any less and you will end up paying an indemnity premium on top of the mortgage.\n\nTake a walk down to your bank and have an informal chat with them \n\nRemember your house is at risk if you do not keep up payments on a mortgage or other secured loans
15075
Something you do not want!\n\nAjustable Rate Mortgage...this percentage interest on your mortgage will change based on a percentage over the goverment's T-Bill, which changes for inflation throughout the year. If interest rates are VERY high, say over 8-9%, you may wish to get a low Adjustable Rate with the idea that it will go down in the future and you can then refinance a fixed rate at that time...or...if you are making little money now and need a low payment but are certain that you will be able to afford a higher payment in the future. These often have maximums that they can go up per year, but eventually they are going to give you a much higher finance charge and interest paid over the length of the loan. \n\nA low fixed rate is preferable if you plan to make payments for the lenght of the 15 or 30 year loan and don't want to pay a lot of interest ;)
690553
That would depend on how long you are planning on keeping the house and/or the mortgage. Most people refinance about every 5 years but that may change with the interest rates going higher. I could contact a mortgage company.
986028
Find a company that offers low or no closing costs and get a mortgage....it is a lot lower interest rate and you can take it out for 15, 20, or 30 years to control the payment amount.\n\nMike\n\n==============
339953
Call a random mortgage company and ask them this question.