Hello Stanko. Not all lenders will allow you to double up your mortgage payment so make sure it is one of the mortgage options outlined in the pre-payment privileges portion of your original mortgage agreement or call the bank directly. The advantage of course is that you will pay your mortgage much quicker. You could reduce a 30 year amortization to 10 years by doubling up each and every payment. The interest savings would be huge in that case. Even making one extra payment each year would result in 4-6 years shorter mortgage repayment, this will also save you thousands. The biweekly accelerated payment schedule does exactly that. You pay 1/2 the monthly payment every 2 weeks. 26 biweekly payments will mean the equivalent to 13 monthly payments per year! The best part about the accelerated payment program is that you don`t really notice that extra money you have put on your mortgage because it doesn`t come out all at once. I hope this helps! If you or any reader would like some more information please do no hesitate to contact me at any time. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 x 115 http://www.centum.ca/abraham_niyazi/ I deal with 25 lenders and can do mortgages across Canada except Quebec.

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Our home was foreclosed on almost 1 year ago this march. the problem was that we were not behind on our mortgage at the time that foreclosure was issued. we fought for three years to save our house and even in 2 separate court cases, the judge ruled in our favor. but the terms were vague and the mortgage broker (wells fargo) thought that a fair settlement was to double our mortgage payments. after 3 years and at the advice of our attorney, we finally decided to give up a fight that we knew we couldn't win against a multi-billion dollar bank. we have been watching the news about the robo-signers and are wondering how we would get our name involved in a lawsuit. we are sure we have a case and have 3 years of evidence to back it up. we are already without a home and our credit is ruined and are on the verge of bankruptcy because of the headache that wells fargo caused us. any information, phone numbers or etc, would be helpful, thank you.

I'm a little confused about your situation. If you were not behind on your mortgage, the lender would never have foreclosed. Did you make your account current after foreclosure proceedings had begun? If Wells Fargo had foreclosed on your property even though your account was never delinquent, this could have been easily proved by showing a record of your payments (checks, bank statements, etc.) and the courts would probably have directed Wells Fargo to pay you any sort of damages that resulted from their mistakes. Why would Wells Fargo be able to double your mortgage payment if you were current on the account and they had foreclosed by mistake? The only way they could have doubled your payment is if (a) you had an ARM loan and the principal & interest (P&I) payment increased drastically; (b) the taxes and/or insurance increased tremendously; (c) you were way behind on your payments and they doubled your payment in order to make up for past delinquent payments. You said you gave up your fight against Wells Fargo but I'm still unclear what exactly you were fighting. If you were not delinquent, that could be easily proved. If you were delinquent and the payments were doubled to make up for past payments (and you agreed to this in court), that would not be something to fight since you agree to it (presumably in a legally binding agreement). I personally do not think that much will come from the "robo-signing" controversy. In my opinion, if a borower had been making payments to Wells Fargo for many years and Wells Fargo had been submitting your P&I to the owner of the mortgage all that time, that should be sufficient proof that the lender/investor holds sufficient title to the subject property (which proves they have the right to foreclose). If the government makes the mistake of giving credence to such excuses for not foreclosing, then this will have a tremendously deleterious effect on the mortgage industry. No lender/investor will be willing to put up money for lending if they are not assured that they can foreclose upon collateral properties. Please let me know the answers to my questions. Like I said, I'm definitely missing something here. If I have a more complete picture, I may be able to give better advice or information. Good luck!

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I've been married for 18 years, and my husband for the 1st 6 years of our marriage only gave me $40.00 a week to help pay household expenses and that's all he gave me i was responsible for paying everything else my rent, car payment, insurance, groceries, all utilities and anything for our children including all their doctor bills and we have had alot of doctor bills due to our daughter being very sick with an illness then after brief separation he started giving me 100.00 a week and that went on for about 8 years now mind you all he was responsible for was his truck payment the rest of his money went into his checking /savings acct. after a huge money blowup he started giving me 150.00 a week. in the past 4 years we built a house and have two teenage children and now he gives me no money out of his check and pays only the 800.00 house payment and the rest goes into his checking and savings, he does keep health and dental insurance on the family thru his work but i am responsible for paying electric, phone, cable, cell phone, water, insurance on other home, my car payment, 1/2 of vehicle insurances, all groceries, and anything that has to do with kids which includes all their clothing, medicine, doctor bills, i pay all co pays and we have a high deductible i'm responsible for meeting it, he's never paid a doctor bill of mine or the kids the only doctor bills he pays is if he goes to the doctor, here is the kicker he makes double what i make i never ask him for money i'm too afraid to but yet he berates me for not saving i dont make enough to save i rob peter to pay paul every month i'm at my wits end he has a huge nest egg in savings and retirement because he has deprived his family for so many years and when a big purchase is made he gets mad because he has to pay for it and will constantly remind me that he's the one paying for it, our son is ready for a car in a few months and he's mad because i wont chip any money in for it i dont have it to give i'm too busy paying on lifes expenses is this normal? i'd love to see what the men out there have to say maybe i'm in the wrong. in addition i do love my husband but i am very resentful i only wanted to keep this to a question about whether or not it's normal but their are other problems in the relationship other than money he has been physically abusive in the past and is emotionally and verbally abusive now you cannot have a normal conversation with him about anything without him becoming hostile and i mean anything if you ask him what he wants for supper he goes into a tirade about how that annoys him if you call him on the phone too much he's mad he can only go for about two weeks in a good mood then something small will set him off he talks at you not to you he berates and belittles me and yells and screams at me in front of our kids, when i try to talk to him about any of this he becomes angry and goes from one extreme to another on things if i make a comment about something i don't like it's on, and this doesnt just stop with me he does our kids the same way he feels like everyone was born knowing what he

My father was like that when I lived at home. He kept us all very short of everything but was happy to spend money on his self. My mum should have left him.

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7.you have written a check for $39.95. you have recorded it in your check register. what amount would you record using the quick method? (a).$39 (b).$4o (c).$41 (d).$39.90 8.you have written a check for $43.75. what would you record using the quick method? (a).$43 (b).$43.70 (c).$43.80 (d).$40 9.you make $32,500. your state tax rate is 1 1/2%. you have two allowances (exemptions). if you double the rate, you will double the tax. (a). true (b). false 1o.your gross weekly pay is $750.00. your medicare rate is 1.45%. what is your medicare deduction? (a).$10.88 (b).$108.75 (c).$11.00 (d).$10.80 11.a charge card charges a minimum of $10.00 or 2% of the oustanding balance. your oustanding balance is $400.00. what must you pay? (a).$8.00 (b).$10.00 (c).$400.00 (d).$20.00 12.your unpaid balance is $2,750.00. your card has a minimum of $10.00 or 2% of the oustanding balance. what must you pay? (a).$10.00 (b).$55.00 (c).$27.50 (d).$15.00 13.a credit card charges a daily periodic rate of .05318%. what are the monthly and yearly rates? (a). 2.34% monthly and 24.59% yearly (b). 1.59% monthly and 19.14% yearly (c). 1.43% monthly and 17.16% yearly (d). 1.85% monthly and 18.50% yearly 14.three pounds of hamburgers for $2.97. the unit price is _? (a).$2.97 (b).$1.00 (c).$1.99 (d).$0.99 15.change 65% to a fraction and then to a decimal. (a). 13/20 and 0.65 (b). 63/100 and 0.65 (c). 11/20 and 0.65 (d). none of these 16.if you are using a mortgage to buy a house, then you must have a down payment. (a). true (b). false monthly payment for a $1,000 loan length of lean in years annual interset rate: 20 25 30 5.00%: $6.60 $5.85 $5.37 5.50%: $6.88 $6.14 $5.68 6.00%: $7.16 $6.44 $6.00 17.you are borrowing $90,000.00 at an annual rate of 5% for 20 years. what is the total amount you will pay? use the monthly payment table at the top! 18.according to books on household budget, you should spend 20-25% of your income on housing. (a). true (b). false 19.calculate the simple interest earned on $2,000.00 saved at 11% apr for 1 year. (a).$200.00 (b).$210.00 (c).$220.00 (d).$230.00 20.calculate the simple interest earned on $1,500.00 saved for 8 months at 6% annual interest. (a).$90.00 (b).$60.00 (c).$30.00 (d).$40.00 21.calculate the simple interest earned on $1,500.00 saved for 55 days at 2 1/2% apr. (a).$15.65 (b).$10.65 (c).$5.65 (d).$12.65 22.you buy cisco stock at $17 a share and sell at $14 a share. (a).loss of $3 a share (b).profit of $3 a share 23.you have made $3,000.00 on the sale of your stock. the original cost of the stock $15,000.00. find the percentage of increase. (a). 20% (b). 10% (c). 5% (d). 3% 24.you purchased shares for $15 each. they are paying a $0.75 dividend. what is the annual yield? (a).2% (b).3% (c).4% (d).5% 25.you have purchased a $10,000.00 bond at 85% paying 7% apr. calculate cost of bond. (a).$9,500.00 (b).$8,500.00 (c).$7,500.00 (d).$6,500.00 26.you have purchased a $10,000.00 bond at 85% paying 7% apr. calculate interest. (a).$900.00 (b).$800.00 (c).$700.00 (d).$600.00 27.you have purchased a $10,000 bond at 85% paying 7% apr. calculate the yield. (a).8.23% (b).7.23% (c).6.23% (d).5.23% 28.you are paying $1,000.00 a month on rent and you earn $36,000.00 a year. what percent of your income are you spending on rent? (a).50% (b).40% (c).33% (d).22% 29.60% of what amount is 720? (a).1,500 (b).1,400 (c).1,300 (d).1,200 30.what percentage of 800 is 80? (a).10% (b).20% (c).30% (d).40% 31.70% of 400 is what amount? (a) 28 (b) 2.8 (c) 280 (d) 0.28 32.a lending institution has informed you that they will lend you 350% of your income. your income is $45,000.00. what amount will they lend you? (a).$157,000.00 (b).$157,500.00 (c).$158,500.00 (d).$159,000.00 33.change 225% to a mixed number. (a).2 1/4 (b).22 1/2 (c).9/7 (d).225 34.find the average: $27,500, $28,500.00, $29,500.00, $30,500.00, $31,500.00 (a).$31,500.00 (b).$29,500.00 (c),$29,000.00 (d).$31,000.00 35.you budgeted $360.00 for one year of dry-cleaning. find the monthly average. this month you spent $25.00 on dry-cleaning. are you under budget? (a). yes (b).no 36.fixed expenses do not vary from month to month? (a).true (b).false 37.annual expenses include car and life insurance and real estate taxes. (a).true (b).false 38.your total monthly expenses is the sum of monthly living expenses plus monthly fixed expenses. (a).true (b).false 40.to find a sales tax of 5% on a puchase of $90.00 using the proportion method you would write the following: 6/100 = st/$90 (a).true (b).false

Are you sure you couldn't fit any more questions in there?

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Our own people are suffering and obama save the homes programs failed. what should come first illegals getting free college educations or helping out fellow americans ?washington — one in 10 american households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. about 9.9 percent of homeowners had missed at least one mortgage payment as of june 30, the mortgage bankers association said on thursday. that number, adjusted for seasonal factors, was barely down from a record-high of more than 10 percent as of april 30. the labor department said requests for unemployment benefits fell sharply last week. the drop in first-time claims to a seasonally adjusted 473,000 was the first decline in a month and a hopeful sign after a raft of dismal economic reports. still, unemployment claims remain much higher than they would be in a healthy economy. employers are reluctant to hire as economic growth appears to be slowing. the number of americans who are missing payments and falling into foreclosure has followed the upward trend in unemployment. the jobless rate has remained near double digits all year. "ultimately, the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story," jay brinkmann, the mortgage bankers association's top economist, said in a statement. "only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers." more than 2.3 million homes have been repossessed by lenders since the recession began in december 2007, according to foreclosure listing service realtytrac inc. economists expect the number of foreclosures to grow well into next year. besides forcing people from their homes, foreclosures and distressed home sales have pressured home values and crippled the broader housing industry. they have made it difficult for homebuilders to compete with the depressed prices and discouraged potential sellers from putting homes on the market. the housing market is struggling even as mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks. mortgage buyer freddie mac said the average rate for a 30-year fixed loan fell to 4.36 percent this week. rates have fallen since the spring as investors, spooked by a slowing economy, shifted money into the safety of treasury bonds. that has lowered the yields on long-term treasurys. mortgage rates tend to track those yields. the economy has grown for four straight quarters. but the pace has slowed from a 5 percent annual rate in last year's fourth quarter to 3.7 percent in the january-to-march period. it has weakened even further in the past several months. many economists expect the government friday to revise lower its growth estimate for the april-to-june quarter to below 2 percent. that's weak in normal times and even more worrisome after a steep recession. http://www.chron.com/disp/story.mpl /business/7172778.html

its time our country start to take care of our own people. the only reason unemployment rates are showing at a lower percentage is because many of the unemployed are not longer qualified to receive unemployment and some of the unemployed have taken part time jobs which is all they can get. What is stated above is correct, the job market needs to improve before housing becomes stabilized. My son lost his job over 2 years ago, after awhile of looking for jobs and becoming tired of staying at home, he entered a new field, home health care, but that is only a part time position. However, because he had this part time job that paid him almost as much as his unemployment did, the was no longer qualified to receive any unemployment. Therefore, he is now 9 months behind on his mortgage and has made a deal with the bank to have the house listed to sell so that the mortgage can be paid off, and the realtor will get paid, IF the house ever sells, my son has lived in this house since 1991 and now will lose the house and walk away with no money. I say a big ThankYou to our deal old Uncle Sam who has seen fit to screw as many Americans as they can. TO our Government...START HELPING THE AMERICAN PEOPLE! We are losing every thing this country was based on.

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1. enable trillions of dollars in mortgages guaranteed to default by packaging unlimited quantities of them into mortgage-backed securities (mbs), creating umlimited demand for fraudulently originated loans. 2. sell these mbs as "safe" to credulous investors, institutions, town councils in norway, etc., i.e. "the bezzle" on a global scale. 3. make huge "side bets" against these doomed mortgages so when they default then the short-side bets generate billions in profits. 4. leverage each $1 of actual capital into $100 of high-risk bets. 5. hide the utterly fraudulent bets offshore and/or off-balance sheet (not that the regulators you had muzzled would have noticed anyway). 6. when the longside bets go bad, transfer hundreds of billions of dollars in federal guarantees, bailouts and backstops into the private hands which made the risky bets, either via direct payments or via proxies like aig. enable these private power elites to borrow hundreds of billions more from the treasury/fed at zero interest. 7. deposit these funds at the federal reserve, where they earn 3-4%. reap billions in guaranteed income by borrowing federal money for free and getting paid interest by the fed. 8. as profits pile up, start buying boatloads of short-term u.s. treasuries. now the taxpayers who absorbed the trillions in private losses and who transferred trillions in subsidies, backstops, guarantees, bailouts and loans to private banks and corporations, are now paying interest on the treasuries their own money purchased for the banks/corporations. 9. slowly acquire trillions of dollars in treasuries--not difficult to do as the federal government is borrowing $1.5 trillion a year. 10. stop buying treasuries and dump a boatload onto the market, forcing interest rates to rise as supply of new t-bills exceeds demand (at least temporarily). repeat as necessary to double and then triple interest rates paid on treasuries. 11. buy hundreds of billions in long-term treasuries at high rates of interest. as interest rates rise, interest payments dwarf all other federal spending, forcing extreme cuts in all other government spending. 12. enjoy the hundreds of billions of dollars in interest payments being paid by taxpayers on treasuries that were purchased with their money but which are safely in private hands. charles' conclusion does not need further commentary as it is absolutely spot on: since the federal government could potentially inflate away these trillions in treasuries, buy enough elected officials to force austerity so inflation remains tame. in essence, these private banks and corporations now own the revenue stream of the federal government and its taxpayers. neat con, and the marks will never understand how "saving our financial system" led to their servitude to the very interests they bailed out.

If you're going to cut-and-paste from the internet (specifically http://www.care2.com/c2c/groups/disc.html?gpp=23223&pst=1130741 ), you should at least have the morals to properly cite the original author rather than claim it as your own.

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I purchased this home last year with 5.375%. my current term is 30 year with 4.5%. i have saved extra money about $ 500/month. what should i do? 1) to double the principle and pay off sooner. 2) to invest in 403b tax deferred. i work at a non-profit. 3) to invest in roth already taxed. currently i only put away $100/month because of my huge mortgage payment. but now it is smaller, i am leaning toward the retirement but not sure which one is better roth or 403. thanks for all advice. i am almost 50 with no kid. and i work at an ngo so there is no 401 matching program. thanks.

Start a ROTH. What about a 401K with matching?