Mortgage Calc

Money Conscious Shoppers Grab Deal a Day Offers

Deal a day offers are usually deep discount offers that are promoted to the buying public. Shopping can be fun especially when people get exactly what they want or need but at substantially reduced prices. Deal a day offers meet the criteria of savings and frugal shopping.

Daily deals are readily available all across american cities, Canada and other parts of the world and shoppers are embracing these amazing discount deals and saving money. There are several companies that offer a deal a day and as such it is becoming easier to get what is needed especially if the item or service is not needed at the very instance.

Deal of the day websites provide such daily deal links to various products and services. Items promoted through deals of the day range from daily food needs to luxury items. Deal of the day websites promote grocery shopping, fitness equipment, spas, restaurants, hotels, car rentals, fast food outlets, cosmetics, clothes, shoes and the list of items offered is ever growing. The reason for the growth of this marketing strategy is because it makes sense to business, manufacturers and consumers as products move from the factory floor into the hands of the people that they were intended for, which is the consumer. Everybody loves a bargain and this is the reason for the growth of coupon offers as a marketing tool.

The way this marketing approach works is quite simple in concept. Each day, a deal is offered at a certain discounted price provided certain number of people accept the deal. If the stipulated number of people accepting the deal is not reached by a certain set time, then the particular deal becomes invalid. In this case no money is charged to those that participated in the deal that did not materialise. To cite an example a deal may be advertised for a Spa treatment at 50 percent off the regular price to ninety participants for that day. The regular price for this Spa treatment is hundred bucks. If the offer is accepted and the minimum number of ninety participants is met then the deal goes through and each person will only end up paying fifty dollars for a service that regularly sold for hundred bucks. People visit such sites regularly to find out what the deal of the day is and if interested in the deal they signup for it. This is a win for the retailer as well as for the buyer. Both parties to the deal end up happy and makes this approach an enjoyable shopping experience.

Vina Pereira enjoys writing articles of public interest. Her website dailydealaday.com provides access to the best deal a day savings available each day.

without using a mortgage calc. but with a regular calc. how do u calc arm rates?
FOR INSTANCE DO I TAKE THE AMOUNT OF THE LOAN (150,000)AND DIVIDE BY THE INTEREST SAY 6%. AND THEN MULTIPLY BY THE TERM OF THE LOAN SAY 30 YEARS. iS THAT THE WAY TO DO IT WITHOUT USING A MORGAGE CACULATORAND HAVING TO USE A REAL ONE?

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Need Help with Loan Calc Logic in C# for ASP.NET 2.0 App?
Hi! I am coding a ASP.NET 2.0 mortgage calc app and need some help with the C# code required to perform the actual calcs. Here are the specs. The following data is available: - Selling price - Down payment - Interest rate (value between 0.0 and 1.0) - Number of years - Periods per year (12, 24, 52) - Payment per period Based on validation groups, I need to calc the following: 1. Payment per period using the following formula payment = (Principle x Rate) / (1 - (1+Rate)) ^ -period (or) "Payment is equal to principle times rate divided by 1 minus (1 plus rate) to the negative period power" 2. Loan amount using the following formula loanAmount = Payment *(1 - (1 + Rate)^-period)/Rate (or) "Loan amount is equal to payment times 1 minus (1 plus rate) to the negative period power divided by rate" Any help is appreciated!

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CyberProblem?
Cyberproblem: Prepayment vs. Investment Analysis. In managing one's own finances, as well as those of a business, there are numerous decision situations where applications of "Time Value of Money" (TVM) concepts and methods help one assess the financial consequences of alternative courses of action. One such situation is the decision to prepay part or all of one's mortgage or loan balance by making extra periodic principal payments. As one makes extra principal payments, the loan balance is reduced faster. This means you pay less interest over the life of the loan and the loan will be repaid earlier (i.e. fewer payments). For example, a person might decide to pay $50.00 per month extra (i.e. if their mortgage payment was $900 per month, they might pay $950 each month, $50 extra) on a mortgage loan. The extra payment of $50 would be applied each month to reduce the principal balance. However, there are important factors to consider before making this decision. For example, if the mortgage loan is on the person's primary residence, the interest on the loan may be tax deductible. This reduces the net, after-tax cost of the loan. To consider the financial consequences of this decision, you can search the Internet for free financial calculators, including some that will assist with a prepayment versus investment scenario analysis. Before using a Web site, you will need to amortize the loan you will use as input data for the analysis. Suppose you purchase a home for $150,000 and obtain a 90% mortgage loan, 30-year maturity, at a fixed annual interest rate of 8.0%, with deferred monthly payments. What is the monthly payment for principal and interest (P&I) on this loan? The loan amount is $150,000 x 0.90 = $135,000 The calculator keystrokes follow. PV = - $135,000; N = 360 (30yrs x 12 per year); I = 8.0%/12 = 0.6667; FV = 0 (the loan will be paid off at maturity); SOLVE for PMT = $990.62 Note: If you enter the interest rate at 0.6667% per month you get the payment above. If you carry full precision on your calculator, the PMT = $990.62. The data you will need for the prepayment scenario include the following. Loan Balance: $135000 Current Payment: $990.62 Additional Payment: $50.00 Loan Interest Rate: 8.0% Loan Interest Deductibility: YES Investment Rate Return: 6.00%* Tax Bracket: 30.00% Investment Type: After-Tax *The Investment rate return is your opportunity cost estimate. It is the annual rate you think you can earn on the $50 extra principal payment if you did not make extra principal payments on your mortgage but instead, invested it. Now visit the website http://www.mortgage-calc.com/mortgage/index.html, and select Prepayment vs. Investment. a.After 12 months of making extra payments, what will be the loan balance? b.After 12 months of making the regular payment and investing the $50, what will be the loan balance? c.Under the regular payment and investing option, excluding the tax due on the interest earned, what is the investment balance after 12 months? d.Compare the scenarios of investment versus prepayment by examining the 60th payment, which occurs at the end of the fifth year. What is the difference between the (a) interest portion of that payment, (b) tax deduction for interest, and (c) principal balance? Finally, how much is in the investment account? e.(a) How long does it take to repay the entire loan under the prepayment option? (b) What is the total interest paid over the life of the loan? f.Compare the total interest paid under each scenario? How much less in interest do you pay under the prepayment option? g.If you make an extra $50.00 principal payment per month, what are the opportunity cost considerations? h.What are the relevant cash flows to consider in this decision? For example, do you consider the tax implications and if so, then how? i.Do you go out to lunch too often? Go to this site http://marketplacemoney.publicradio.org/toolbox/calculators/LunchSaver.htmland use the Lunch Savings Calculator to see how much money you can save by not going out to lunch. If this site does not function for you, search the Internet for a similar calculator. Suppose you usually spend $6.00 a day when you go out to lunch, when bringing your lunch to school/work would only cost you about $2.00 a day. Since there are approximately 20 weekdays in a month, enter that value for the days eaten per month. How much money would you save after 15 years if you could earn a 10% yield on the money you save? If this site does not function for you, search the Internet for a similar calculator. If you do use a different site, provide the URL to your instructor. j.Suppose your investment account earns an average annual return of 9%, and the average rate of inflation is 3%. Go to this site http://www.nwcu.com/Web_Tools_and_Links/Calculators/Reitrement_Planner/ and use the Save a Million Calculator to see how long it would take to have a million dollars. State your answer in total years. Imagine that you started with an initial investment of $20,000 and made monthly $150 contributions (assume that your deposits are inflated at the average rate of inflation)? If this site does not function for you, search the Internet for a similar calculator. If you do use a different site, provide the URL to your instructor. *Adapted from: Brigham, E. F. & Houston, J. F. Chapter 6 Cyberproblem: Prepayment vs. Investment Analysis in Fundamentals of financial management (10th ed.). Retrieved March 10, 2006, from http://www.swlearning.com/finance/brigham/ffm10e/ffm10e.html

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Mortgage Calc News

Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease - San Francisco Chronicle

Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease
San Francisco Chronicle
Ally posted a $250 million loss after absorbing $270 million of expected penalties tied to foreclosures by Residential Capital LLC, or ResCap, the Detroit-based lender's mortgage unit, according to a statement. The firm may seek bankruptcy for ResCap ...

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BS People: Sanjay Shukla - Business Standard

<B>BS People:</B> Sanjay Shukla
Business Standard
At Citibank, he set up the foreign lender's mortgage business across non-metro cities in India. He was also the first employee at Tata Capital Housing Finance. He joined ING Vysya Bank as he believes that the private lender provides growth ...

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The downside of mortgage guarantees - Hindu Business Line

The downside of mortgage guarantees
Hindu Business Line
There is no substitute to painstaking loan appraisal by the lender. Mortgage insurance was earlier held up as one, but there aren't many takers for it in India, though that would make life a lot easier for mortgage finance companies.