In the current economic depressive state, a mortgage loan calculator or type of loan calculator is needed to learn what your Type of loan and home payments is going to be if and when you decide to buy a home and become a home owner in order to remain a renter.
Mortgage rate calculators can be very misleading if you don't add some PITI which means Principal and Interest on your mortgage loan.
The home loan interest rate you have to pay depends upon the Lender Bank that are very different based on which State and county you live in.
You also have to think about the monthly obligations, including PITI, which is Principle plus interest, property taxes, and residential insurance costs.
When you get approved, you will have to go to your mortgage closing having a Title Closing Company or perhaps an Attorney, usually a real estate attorney.
At your mortgage loan closing, you will have to sign lots of documents without being in a position to read them. This is the way the Lender or Bank commits the mortgage loan fraud.
The lending company recognizes that if you read the mortgage and note, you most likely wouldn't sign both of these documents and learn the fraud being perpetrated upon you and rob you.
One other way your lender or bank robs you, this time from your equality, whenever you try to sell your house at a later date, because of the appraisal fraud that the lender plays you before your closing.
The Lender or bank hires the appraiser have a tendency to look at the property in the selling price, even though the houses within the same neighborhood are priced and have sold for much less; thus, an inflated sale price so the lender or bank makes more income.
At your mortgage closing, like a borrower, your bank will have to send a cashier's check for the title escrow closing company or attorney from your lender bank, because you, because the borrower, don't receive any loan from your lender or bank. Also your bank that gave you the so-called loan wrote the check or change in funds towards the Title Escrow Closing Company or even the Closing Attorney and not to you; therefore, they received the loan... not you!!!
The title company or attorney receives the mortgage loan that your bank was designed to lend you that you have to pay back with Interest with your hard earned money for 30 years, but...
There isn't any money since 1933 once the United States became the Usa Corporation using the elimination of the Gold and Silver Standard.
This is the same time where President Roosevelt took the power from Congress, from the Constitution For that usa and, appointed a private corporation, a Central Bank referred to as Federal Reserve, to print and create debt notes and impose a fee to use these fraud notes that is collected through the IRS, what everyone takes for granted, as money, that are 1.9 cents, the price of printing, of worthless bits of paper in the form of Promissory Notes, similar to the Mortgage Promissory Note you will be signing at the closing with no disclosures underneath the law.
As you can tell, a home loan rate calculator for any mortgage loan can be quite misleading if you don't be aware of exact amount of property taxes and the mortgage property owner insurance to know what your monthly payments are going to be.
Because there are countless errors, omissions, non-disclosures, and legalities your lender and title company made at your closing, you can make them pay by getting your mortgage lien removed. It is best to use a good mortgage lien removal company.
- This page was last modified on 18 February 2013, at 22:56.
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