Some cool chateau photos:
Chateau de Chenonceau
Image by Dean Ayres
Chateau de Chenonceau
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Some cool apartment developing pictures:
Storm harm
Image by Sint Smeding
Throughout a storm on Monday, doctor element of a short-term fence that was construct on the roof of an apartment building for construction perform fell down. No one got hurt, healing but there are nonetheless planks hanging down from the top of the building and the area is nonetheless inaccessible.
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Apartment Constructing
Image by jon|k
The apartment creating across the way. A lot more playing with extended exposure.
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Apartment creating
Image by Matti Mattila
An apartment building close to the Dakota
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Loan Modification Programs Can Save a Person's Home: Know How
The loan modification program known as HAMP (home affordable modification program) was developed in 2009 to aid struggling homeowners. An individual can apply for HAMP through his lender, medical if that lender participates in the program. Because of hefty …
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Making homes affordable by state
More than 200, try 000 California homeowners have taken advantage of the Home Affordable Modification Program. Under the program, viagra approved banks are paid to make a borrower's mortgage more affordable by lowering monthly payments. California is among the states …
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Question by blssed2bme1: Making Homes Affordable program?
Making Homes Affordable Program
My lender Wells Fargo called me to tell me I qualify for this program since my mortgage is with Fannie Mae. He said I can get an interest rate reduction from my current 6.5% down to 5.75% on a 30yr fixed. My current loan was done in June 2006 at $ 144K. I now owe $ 132K (I make an extra payment annually via the bi-weekly payment program).
When I asked the rep about closing fees, find he said there is none and no extra balance will be added to me loan amount (I found this hard to believe). He also said that I would save about $ 130 a month.
I question is this: Should I take advantage of this program? I am worried about hidden closing fees and lengthen loan repayment time.
Also, how much would I save in interest if I:
1 – Re-fi at 5.75% on $ 132K plus make an extra monthly payment
2 – Re-fi at 5.75% on $ 132K plus make an extra monthly payment as well as pay the additional $ 130 savings a month
Thank you very much for any advice you have.
Best answer:
Answer by Realtoratheart
Yes, it’s not joke, Wells Fargo is trying to help homeowners. I strongly urge to to sign up and go. You have to register. So do it.
Give your answer to this question below!
The program Wells Fargo is referring to is HARP, a government program which helps homeowners lock in fixed rate, low interest loans, even if the homeowner does not have 20% equity. The FED is holding interest rates very LOW so that homeowners can secure their homes creating an opportunity for you.
Your current loan $ 132k at 6.5% for 30 years; 26 years, 4 months remaining:
If paid monthly, your principal and interest payment is $ 873.
Divide that in half to make a payment every two weeks of $ 437.
You loan will be paid off in 21 years, 9.5 months.
You will pay $ 114,620 in interest.
Re-fi $ 132K at 5.75% for 30 years:
If paid monthly, your principal and interest payment is $ 770. (I come up with a savings of $ 104/month.)
If you make an extra monthly payment by paying $ 385 twice a month,
the loan will be paid off in 24 years, 9.5 months and
total interest paid will be $ 115,507.
Re-fi $ 132K at 5.75% for 30 years, paid every two weeks plus $ 104 extra payment per month:
The loan will be paid off in 19 years, 3 months and
total interest paid will be $ 86,161.
To summarize, if you refinance and and continue to pay the same amount, you will shave 2.5 years off your loan and save $ 28,459 in interest.
If it costs nothing to refinance, this is a no-brainer. Ask for a good faith estimate (GFE) which details the costs involved. They are required by law to abide by their figures in the GFE and to be within a 10% of other costs. (Lenders cover the costs of a no-cost refi by charging a slightly higher interest rate.) The rates they quote change several times a day, so don’t be surprised if rates and costs fluctuates until you lock.