25 years is the amortization period for a mortgage. Amortization period means how many years it will take to pay off your mortgage at the rate it was issued. For example; if you have a 5 years fixed mortgage @ 3.4% with a 25 years amortization this means that you are going to pay the mortgage with its interest within 25 years if the mortgage rate stays the same. However the 5 year fixed rate means that your interest doesn`t change within these 5 years. So if you take any fixed mortgage rate with a 25 or 30 years amortization period it only means that you are taking a fixed mortgage rate for the net 5 years payable within 25 or 30 years. The more years of amortization the less the monthly payments of the mortgage. The less amortization years the faster you can pay off your mortgage.

You will pay $ 1,576.43 a month if you want to obtain a 300,000 mortgage for 5 years fixed mortgage with 25 years amortization period. THe calculation was done on the average rate of 2.99 percent for 5 years fixed mortgage.

The monthly mortgage payment on a 400,000 loan for 30 years amortization period for 5 year fixed mortgage 3.7% rate is $1,834.76 . It will cost you 260,000 in mortgage interest if will take that long for you to pay the mortgage. Remember that most of the interest paid in the first 5 years of your mortgage. In order to speed up the payent process you can do double payments or biweekly. If you take the same mortgage with biweekly payments your biweekly payment will be $ 846.11 which is $142 less per month.

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I currently owe 25,000 on my mortgage with 16 years to run. i also save 200 per month in an isa at approx 5% interest (present balance 6000) how long will it be before my isa is enough to clear my mortgage? i know i could over-pay the mortgage instead of saving but i want to save 'just in case' thanks.

Sorry, this depends upon interest rates, and what type of ISA (cash or shares) You could try asking your ISA provider to calculate this for you, but nobody knows how interest rates and the stockmarket will behave in the future

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I'm so very upset. i bought my house when i was 25 years old, 3 years ago... i bought it at the peak of the market... for 233,000. i put 45,000 down, 30 of my own saved money (all my savings since i started working at 16) and my parents loaned me 15k. it is an interest-only loan... i have been making more than the payments to go towards principle and my mortgage now sits at about 180,000. the home across the street is on sale for 109,900. the same one. one in my neighborhood is as low as 99k. i am so depressed i can barely stand it. will this home ever go back up? is it going to be worth it for me to hold onto it all while paying the mortgage (barely getting anywhere) and paying hoa dues every month? i feel like it is my responsibility but i am heartbroken over the fact that i saved for years for this house and now my job is drying up and it was just supposed to be a starter home anyway... im at a loss. i still feel very young and naieve... if i foreclose, do i still owe money? i feel like it's my last resort, but im up to my head in stress.... :( any guidelines, suggestions, advice??? guys, thanks, but i cant refinance, the plan under obama leaves me up to 105% of the loan to value ratio... mine is above 135%... ive already contacted my bank... of course! and lady that told me i shouldn't have bought... i didnt know any better i thought prices would keep escalating. yes, dumb, i know. um iiiidont yes i can afford my house! you aren't listening. i am not late on my payments, i make them every month. my point is what is the point of holding onto a house that is never going to go back up to the amount it once was??? i can afford it. i remember now why i hardly come here, people can be such jerks. thanks to the nice ones. im in nevada ... west coast.. we were hit the hardest ... i know there is no way to tell if it will go back up... im sure it will go up... but will it go back up to my starting price of 233k where i would get my money back and then how much would i have lost along the way.

An indicator as to what the medium housing prices should be is to multiply the local medium household income by three. According to CNNMoney, the medium household income in Las Vegas is $66K. So therefore the medium housing price should be $198K. Right now the actual medium is $149K. At the moment house prices can rise about 33% just to reach what the average should be. However, more foreclosures are coming onto the market. So don't expect a recovery until the foreclosure mess is cleaned up which I don't think will happen until next year. A lot of people are in the same situation that you are in currently. Unfortunately for many them, they don't have the ability to continue to pay their monthly mortgage payments. Southern Nevada was hit much harder than the rest of the state. A lot of people bought at or near the peak. That's one of the reasons prices went up so much. The Southern Nevada market between 2004 and and 2007 was a super hot seller market. Many homes were selling on the same day they were listed. The high demand for housing coupled with easy financing drove prices sky high. Then at the begin of of 2007 demand started to drop because prices were just too high. When demand started to drop, the home builders started slashing prices to clear inventory. Inventory can destroy any business, especially the home builders. So when the builders drove down prices, it effected everyone else. The lower prices put pressure on those that bought with little money down and got an interest-only mortgage. My suggestion is to keep paying your mortgage payment and hopefully in a couple of years the value will rebound and you will be in a stronger position either to sell or refinance.

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I purchased my home 3 years ago in central virginia for 216,000. we chose a (combo loan?) 1st and 2nd mortgage. our 1st mortgage is for 75% of the loan (162,000) and at a rate of 6.125%, our 2nd mortage is for 25% of the loan (54,000) and at the rate of 8.875%. after living here for 3 years we currently owe about 209,000. i have made every payment on time, and have not paid any principal, just the house payment. i recently got a real estate assesment from my county saying the property/house is worth $166,600. we have tried to refinance but nobody will because we are so upside down in this mortgage. - im good for the money, i just want a lower rate!!!!!! - it really makes me made that another young couple moved into a house across from us that was 1000 sf bigger than ours , 16,000 dollars less than ours, got a 8000 tax credit and a interest rate of 5%. i guess my worry is that if i stay here and keep paying on this house, if in 5 years i go to put it up for sale what if i can only get what i paid for this place, or perhaps less? ive also put at least $10,000 in this house in the last 3 years. new kitchen floor, landscaping, interior paint, all light fixtures upgraded and the list goes on. im not sure what to do, would it be better to toss the keys to the bank and walk or just keep paying and "hope" the house will go back up in value. thank you both for your answers, im not having a hard time making my payments. in the end i doubt i will walk away from the house, but im doing some reading up on the idea and all.

I work in the mortgage industry. If you just walk away, not only do you ruin your credit, but the bank can slap a deficiency judgment against you for the difference between the the loan balance what what they net selling the house. That is they can garnish your wages. Banks are doing this especially against people that can afford to pay. If you decide that this is what you want to do, talk to a lawyer. You do have another option, you can request the bank to allow a short sale. This is where you sell the house for less than the loan balance. This is still a hit on your credit report, but not as bad. However you have to request a release so the bank will not hit you with a deficiency judgment. Again seek legal advice. However you do have one more option. Call the bank and ask for a loan modification. You have one thing going for you, if you are current you have a performing loan. Your bank may find it better to keep you by lowering your interest rate a bit than take a potential loss of $60,000 on foreclosing on the house. Give your bank a call. Discuss with them. You may be surprised at what they will do.

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Http://factcheck.org/2010/03/irs-ex pansion/ this wildly inaccurate claim started as an inflated, partisan assertion that 16,500 new irs employees might be required to administer the new law. that devolved quickly into a claim, made by some republican lawmakers, that 16,500 irs "agents" would be required. republican rep. ron paul of texas even claimed in a televised interview that all 16,500 would be carrying guns. none of those claims is true. the irs’ main job under the new law isn’t to enforce penalties. its first task is to inform many small-business owners of a new tax credit that the new law grants them — starting this year — which will pay up to 35 percent of the employer’s contribution toward their workers’ health insurance. and in 2014 the irs will also be administering additional subsidies — in the form of refundable tax credits — to help millions of low- and middle-income individuals buy health insurance. the law does make individuals subject to a tax, starting in 2014, if they fail to obtain health insurance coverage. but irs commissioner douglas shulman testified before a hearing of the house ways and means committee march 25 that the irs won’t be auditing individuals to certify that they have obtained health insurance. he said insurance companies will issue forms certifying that individuals have coverage that meets the federal mandate, similar to a form that lenders use to verify the amount of interest someone has paid on their home mortgage. "we expect to get a simple form, that we won’t look behind, that says this person has acceptable health coverage," shulman said. "so there’s not going to be any discussions about health coverage with an irs employee." in any case, the bill signed into law (on page 131) specifically prohibits the irs from using the liens and levies commonly used to collect money owed by delinquent taxpayers, and rules out any criminal penalties for individuals who refuse to pay the tax or those who don’t obtain coverage. that doesn’t leave a lot for irs enforcers to do. right wing cuban...why do you need assistance from the government ?

The Republican focus is just on beating President Obama down, honestly, dishonestly, by innuendo or insult. It's really disgusting. Being negative is the easiest damn thing in the world. That's all you're seeing. Governor Palin, by the way, is a moron.

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We've been having financial problems for the past 2-3 years..she works 7 days a week about 10 hours a day..i know it's hard for her but i have a year until i am off to college..i know the money she needs is for the house mortgage and car payment but i don't know what to do..this isn't the first time, and she still owes me a few hundred from a few months ago..it's rare that i'll get my money back..what should i do? i attend school and work about 15-25 hours a week for minimum wage..i am so stressed right now..sometimes i even forget how old i really am..there are so many responsibilities... thank you all so much for your time in reading and giving advice on my situation..i kinda knew it was the right thing to do but i guess my emotional distress took over..and made me have second thoughts about what i'd do in the future..i'll be on my way to the bank first thing in the morning.. minimum wage is something, right? thanks again to all of you..i truly appreciate your time. =]

Loan it to your mom. Or give it to her. You say you know what it's for so it's for your well being also. She works hard and needs help. She's taken care of you your whole life so a little more help from you is what any family member should do. I am not trying to nag, I hope it did not sound like it. I simply mean she works very hard and it sounds like she wouldn't ask unless it was totally necessary. Offer to help with a family budget so if it's a ongoing problem with foolish spending maybe that would help.

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My husband recently found out that he has overpaid the child support agency (csa) to the tune of £25,000 over the last 7 years. my husband was not aware that he had a son until he received a letter from the csa whilst serving in afghanistan. he has never met the child and the csa have always refused to give him any contact details for the mother so that he could try to arrange to meet. around the time his son turned 16, my husband insisted that the csa find out whether the lad was going to college or not, and therefore whether his payments would stop or not. it turned out that the mother had not claimed child benefit since 2003, and the csa say that because of this my husband should not have made any payments after that date. the csa refuse to tell us why the mother hasn't claimed child benefit, and we are actually worried that the boy has died. we have no way to find out what has happened. anyway, the csa told us over two months ago that they owed us £25,000 and would pay it back to us with interest within 21 days. the only payment we have received from them is approx £600 pounds and they promptly claimed it back from my husband's salary. the csa have breached their own guidelines so many times and they have specifically offered compensation after the overpayment and the interest are finally paid back to us. the thing is, we have no idea how much compensation we should go for. we are looking for compensation for the following: if we had not paid child support for the last 7 years we would have no debts and a much cheaper mortgage. my husband fell behind with his payments whilst his mother was dying from cancer and he was travelling to see her every weekend. the csa basically said that it wasn't their problem and took the money from his salary instead. it was very distressing for him during a very difficult time and it was humiliating for him that his employers were approached to pay the csa from his salary. his son may have died 7 years ago and the csa may have been making him pay for a dead son all that time without telling him. we have been waiting two months for money that is owed to us and we are still seeing no sign of it coming back. the hassle of trying to find out what is going on is making my husband very stressed and irritable - it's becoming like an obsession for him. bearing all this in mind, what would be an appropriate level of compensation, do you think? @ donna and hal. sorry the question was so long and you didn't get a chance to read it all before you answered. if i can re-iterate, we have paid the csa as required for 8 years. we asked them to review whether the case should still be open or not as the boy was 16. the csa reviewed and told us that we had overpaid by £25k and that they would pay it back with interest. we were not asking for a refund or anything, just an update on the status of the case. the csa have failed to pay us as they said they would and senior managers have rung my husband to apologise and have told him to claim compensation. we initially said no, just give us what you owe us, but things have got so ridiculous that we are now looking at claiming compensation as suggested by the csa. looking back, our lives have been badly affected in many respects by the csa and if they are still being this incompetent, why shouldn't we claim for what we have lost out on? as for my husband's son, we are not able to have children ourselves and would have loved to have contact with him. however, he was already 8 years old by the time we even knew he existed. the mother has never contacted my husband personally and the csa refused to give him any onformation at all. they even contacted us recently to ask if we knew where she was. we have thought about approaching a solictor or even a private detective in the past, but in all honesty, money was too tight to make this an option. we were paying over £300 pounds a month to the csa and they always refused to review what my husband was paying even when things got very tough for us financially. i hope the people who have decided to take such a moral high ground never have to have any dealings with the csa because they are utterly incompetent and offer very little benefit to either parent.

We do know in the UK just how incompetent the CSS is. I do suggest you visit a Solicitor. If more people sued them they just might just pull their socks up. First thing tomorrow Google the MP for your area and either write to them, or visit their next surgery. Good Luck.

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June 1: lauryn made an investment in johnson inc by purchasing 4,250 shares of its common stock for $157,250 cash. par value of the common stock was $27 per share. june 1: david jacobs made an investment in johnson inc. by purchasing 2580 shares of its common stock, paying 39,960 in cash and by contributing computer equipment with a fair market value of $55,000 par value of common stock was $27 per share. june 1: courtney made an investment in johnson inc. by purchasing 564 shares of its common stock by contributing computer equipment with a fair market value of $19,240 and office equipment with a fair value of $1,628. the par value of the stock was $27 per share. june 2: check # 5002 was used to make a down payment of $29,000.00 on additional computer equipment that was purchased from royce computers, invoice number 76542. the full price of the computer was $145,000.00 a 5 year note was executed by johnson for the balance june 4: additional office equipment costing $700.00 was purchased on credit from discount computer corporation. the invoice number was 98432. june 8: unsatisfactory office equipment costing $140.00 from invoice number 98432 was returned to discount computer for credit to be applied against the outstanding balance owed by johnson june 8: purchased office supplies for $1,650.00 from staples on account. the invoice number was 61298. included in the purchase was 10 units of super routepro at a cost of $25.00 each. june 10: check # 5003 was used to make a $22,250.00 payment reducing the principal owed on the june 2 purchase of computer equipment from royce computers june 14: check # 5004 was used to purchase a one year insurance policy covering computer equipment for $5,808.00 from seth's insurance. the effective date of policy was june 16 and the invoice number was 2387. june 16: checks in the amount of $6,250 were received for services performed for cash customers. june 16: johnson purchased a building and the land it is on for $101,000.00 to house its repair facilities and to store computer equipment. the lot on which the building is located is valued at $16,000.00 the balance of the cost is to be allocated to the building. check # 5005 was used to make the down payment of $10,100.00. a 30 year mortgage with an initial payment due on august 1, was established for the balance. june 17: check # 5006 for $7,500.00 was paid for rent of the office space for june, july, and august june 17: received invoice number 26354 in the amount of $475.00 from the local newspaper for advertising june 21: accounts payable in the amount of $560.00 were paid with check # 5007 june 21: check # 5008 was used to purchase a fax machine for the office from office machines express for $800.00 the invoice number was 975-328 thank you very much!!!!!!!

June 1: Lauryn made an investment in Johnson Inc by purchasing 4,250 shares of its common stock for $157,250 cash. Par value of the common stock was $27 per share Dr Cash $157,250 Cr Common stock $114,750 Cr Additional paid-in capital in excess of par $42,500 June 1: David Jacobs made an investment in Johnson Inc. by purchasing 2580 shares of its common stock, paying 39,960 in cash and by contributing computer equipment with a fair market value of $55,000 Par value of common stock was $27 per share Dr Cash 39,960 Dr Computer equipment 55,000 Cr Common stock $69,660 Cr Additional paid-in capital in excess of par $25,300 June 1: Courtney made an investment in Johnson Inc. by purchasing 564 shares of its common stock by contributing computer equipment with a fair market value of $19,240 and office equipment with a fair value of $1,628. The par value of the stock was $27 per share Dr Computer equipment $19,240 Dr Office equipment $1,628. Cr Common stock $15,228 Cr Additional paid-in capital in excess of par $5,640 June 2: Check # 5002 was used to make a down payment of $29,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $145,000.00 A 5 year note was executed by Johnson for the balance Dr Computer equipment $145,000.00 Cr Cash $29,000.00 Cr Notes payable $116,000 June 4: Additional office equipment costing $700.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432 Dr Office equipment $700.00 Cr Accounts payable $700.00 June 8: Unsatisfactory office equipment costing $140.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Johnson Dr AP $140.00 Cr Office equipment $140.00 June 8: Purchased office supplies for $1,650.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super RoutePro at a cost of $25.00 each Dr Office supplies $1,650.00 Cr AP $1,650.00 June 10: Check # 5003 was used to make a $22,250.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers Dr Notes payable $22,250.00 Cr Cash $22,250.00 June 14: Check # 5004 was used to purchase a one year insurance policy covering computer equipment for $5,808.00 From Seth's Insurance. The effective date of policy was June 16 and the invoice number was 2387 Dr Prepaid insurance $5,808.00 Cr Cash $5,808.00 June 16: Checks in the amount of $6,250 were received for services performed for cash customers Dr Cash $6,250 Cr Services revenue $6,250 June 16: Johnson purchased a building and the land it is on for $101,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $16,000.00 The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $10,100.00. A 30 year mortgage with an initial payment due on August 1, was established for the balance Dr Land $16,000.00 Dr Building 85,000 Cr Cash $10,100.00 Cr Mortgage payable 90,900 June 17: Check # 5006 for $7,500.00 was paid for rent of the office space for June, July, and August Dr Prepaid rent $7,500.00 Cr Cash $7,500.00 June 17: Received invoice number 26354 in the amount of $475.00 from the local newspaper for advertising Dr Advertising expense $475.00 Cr AP $475.00 June 21: Accounts payable in the amount of $560.00 were paid with Check # 5007 Dr AP $560.00 Cr Cash $560.00 June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $800.00 the invoice number was 975-328 Dr Office equipment $800.00 Cr Cash $800.00

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Http://factcheck.org/2010/03/irs-ex pansion/ this wildly inaccurate claim started as an inflated, partisan assertion that 16,500 new irs employees might be required to administer the new law. that devolved quickly into a claim, made by some republican lawmakers, that 16,500 irs "agents" would be required. republican rep. ron paul of texas even claimed in a televised interview that all 16,500 would be carrying guns. none of those claims is true. the irs’ main job under the new law isn’t to enforce penalties. its first task is to inform many small-business owners of a new tax credit that the new law grants them — starting this year — which will pay up to 35 percent of the employer’s contribution toward their workers’ health insurance. and in 2014 the irs will also be administering additional subsidies — in the form of refundable tax credits — to help millions of low- and middle-income individuals buy health insurance. the law does make individuals subject to a tax, starting in 2014, if they fail to obtain health insurance coverage. but irs commissioner douglas shulman testified before a hearing of the house ways and means committee march 25 that the irs won’t be auditing individuals to certify that they have obtained health insurance. he said insurance companies will issue forms certifying that individuals have coverage that meets the federal mandate, similar to a form that lenders use to verify the amount of interest someone has paid on their home mortgage. "we expect to get a simple form, that we won’t look behind, that says this person has acceptable health coverage," shulman said. "so there’s not going to be any discussions about health coverage with an irs employee." in any case, the bill signed into law (on page 131) specifically prohibits the irs from using the liens and levies commonly used to collect money owed by delinquent taxpayers, and rules out any criminal penalties for individuals who refuse to pay the tax or those who don’t obtain coverage. that doesn’t leave a lot for irs enforcers to do.

Because that is what they want to believe. The paranoid and gullible are easy to convince that the other 'team' is going to do them harm in some way.