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wsbmortgage.blogspot.com

WSB Mortgage Services: August 2009

http://wsbmortgage.blogspot.com/2009_08_01_archive.html

Monday, August 31, 2009. On using the RM to buy new home. 1 Do both the sale and the purchase of the new home need to be done simultaneously? A You can sell your home anytime and then purchase a home using a reverse mortgage to finance it at any time. If you do not have a home that you need to sell then you can just show that you do have the money necessary to pay your portion of the purchase and use the reverse mortgage to provide the balance. Sent in from a Loan Officer in GA. 1 Since the amortization ...

wsbmortgage.blogspot.com

WSB Mortgage Services: June 2009

http://wsbmortgage.blogspot.com/2009_06_01_archive.html

Monday, June 29, 2009. Interest Rates for 6-29-09. 30 year fixed conventional 5.00 with 1 point origination. 30 year fixed conventional 5.25 with no origination. 15 year fixed conventional 4.625 with 1 point origination. 15 year fixed conventional 4.875 with no origination. 30 year fixed FHA 5.00 with 1. 30 year fixed FHA 5.25 with no origination. Labels: www.reversemortgage4u.com. Wednesday, June 24, 2009. Interest Rates for 6-24-09. 30 year fixed conventional 5.25 with 1 point origination. 8220;All rat...

wsbmortgage.blogspot.com

WSB Mortgage Services: Some Good Questions

http://wsbmortgage.blogspot.com/2009/08/some-good-questions.html

Monday, August 31, 2009. Sent in from a Loan Officer in GA. I appreciate this opportunity. I hope I can remember the questions I have but never seem to quite understand. Some of my questions are as follows:. 1 Since the amortization schedule is drawn out to age 85, what happens with the loan anyway if/when the borrower lives past that age? 2 What is the average time a loan package is in-house before it gets to the lender? Who are the key individuals in the process? A WSB pays all payroll each week, our c...

wsbmortgage.blogspot.com

WSB Mortgage Services

http://wsbmortgage.blogspot.com/2009/08/on-using-rm-to-buy-new-home.html

Monday, August 31, 2009. On using the RM to buy new home. 1 Do both the sale and the purchase of the new home need to be done simultaneously? A You can sell your home anytime and then purchase a home using a reverse mortgage to finance it at any time. If you do not have a home that you need to sell then you can just show that you do have the money necessary to pay your portion of the purchase and use the reverse mortgage to provide the balance. Subscribe to: Post Comments (Atom). Subscribe to Our Blog.

wsbmortgage.blogspot.com

WSB Mortgage Services: Details on the Amortization Schedule

http://wsbmortgage.blogspot.com/2009/09/details-on-amortization-schedule.html

Thursday, September 3, 2009. Details on the Amortization Schedule. The question was if you take the total interest charged and divide it by the interest rate it does not seem to equal the beginning debt. I replied that the interest is compound and this CPA did the math to back that up so I thought you should see it. You were right; the difference in the first line of the amortization. Schedule was due to the compound interest.The interest rate listed was 5.685%, compounded monthly works out to. Reverse M...

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