Home loan rate calculators help with home buying
In today’s depressed economy, you need a home loan calculator or mortgage rate calculator to know what your mortgage rate and home payments will be if you decide to buy a home and become an owner or stay a renter.
Mortgage rate calculators can be very misleading unless you add in PITI, which stands for principal and interest on your home loan.
The home loan interest rate you pay depends on the lending bank, which is very different depending on the state and county in which you live.
You also need to factor in monthly payments, including PITI, which is Principal plus interest, property taxes, and homeowners insurance premiums.
If you are approved, you will need to go to your mortgage closing with a Title Closing Company or an attorney, usually a real estate attorney.
At the closing of your home loan, you will have to sign many documents without being able to read them. This is how the Lender or Bank commits home loan fraud.
The lender knows that if he reads the mortgage and the note, he probably would not sign these two documents and would not find out about the fraud being perpetrated on him or rob him.
Another way your lender or bank robs you, this time outside of your equity, when you try to sell your house at a later date, due to appraisal fraud played on you by the lender before your closing.
The Lender or the bank hires the appraiser who always appraises the property at the sale price, even if the houses in the same neighborhood are listed or have sold for much less; therefore an inflated sales price for the lender or bank to make more money.
At the closing of your mortgage, as the borrower, your bank will need to send a cashier’s check made out to the title closing company or attorney for your lending bank, because you, as the borrower, do not receive any mortgage loans. your lender or bank. . Also, the bank that gave you the so-called loan wrote the check or funds transfer to the Title Escrow Closing Company or Closing Attorney and not to you; therefore, they received the loan… not you!
The title company or lawyer gets the home loan that your bank was supposed to lend you and you have to pay back with interest with your hard earned money of 30 years, but…
There is no money since 1933 when the United States became the UNITED STATES Corporation with the elimination of the Gold and Silver Standard.
This is the same time that President Roosevelt seized power from Congress, against the Constitution FOR the United States of America and appointed a private corporation, a Central Bank known as the Federal Reserve, to print and create debt notes and charge a fee to use these fraudulent notes that the IRS collects, what everyone takes for granted, like money, which is 1.9 cents, the cost of printing, worthless pieces of paper in the form of Notes, just like the Mortgage Note that you will have will be signing on your closing without any disclosure under the law.
As you can see, a mortgage rate calculator for a home loan can be very tricky unless you know the exact amount of property taxes and homeowner’s insurance on the mortgage to understand what your monthly payments will be.