Mortgage Calculators and Rates Blog | Mortgage Calculators and Rates Blog

May 16, 2012

Credit Errors – Guilty Until Proven Otherwise

Every year hundreds of regular Americans become victims of credit error – not to be confused with victims of credit fraud. Credit fraud is malicious, intentional and self-serving but credit error is simply that – an error.

Credit errors are more common than you may think and can be incredibly damaging. In fact it is enough of a problem that the government has formed the new Consumer Financial Protection Bureau to review the problem.
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May 11, 2012

The Importance Of Knowing Your Average Interest Rate

If you are like many people you have multiple loans with varying interest rates that you pay each month. Perhaps a car loan, home mortgage, education loans, line of credit, whatever. It usually makes sense to apply for another loan that will consolidate all your loans into one payment. This can only work though, if you know what your average interest rate is. You don’t want to be paying more than you are now.

Here is a handy calculator that can help you determine your average interest rate on up to fifteen items: Average Interest Rate Calculator
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May 9, 2012

Good Debt Verses Bad Debt

Do you remember people telling you to be careful when it comes to borrowing money? Don’t let yourself get into debt? Save and pay cash instead of borrowing. It was all well meant advice from people who maybe didn’t understand the credit game.

Not all debt is bad. Seriously. It is actually to your benefit to carry some debt – as long as you pay it off in full and on time.
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May 3, 2012

Improve Your Credit History

Your personal credit history is considered by all lending institutes when you apply for a loan or credit card. So what should you do if you have a poor credit history? Fix it. The article Eight Steps To A Higher Credit Score will help.

The first step in fixing your credit history is to recognize why your score is low to begin with.
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April 30, 2012

Help For Mortgage Comparison Shopping

Finally, we may have some help when it comes to comparison shopping for mortgages. According to this article at Bloomberg.com the Consumer Financial Protection Bureau is slated to propose a new, simpler form to help consumers shop for, compare and understand mortgages.
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April 27, 2012

Know Your Debt To Income Ratio Before You Apply For A Loan

When you apply for a loan or mortgage the first thing the lending officer is going to do is determine what your debt ratio. If you know exactly what it is before you arrive at the office you may save yourself some time. More importantly you will already know what your debt ratio is so there will be no surprises.

A debt to income ratio calculator is a handy tool to help you determine your debt ratio. To use the calculator simply input your personal data.
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