How to use a Home Equity Line of Credit CalculatorWritten by John Ross
Most home owners know that lower interest rate, lower monthly payments. But then process may get a bit fuzzy. While your monthly payments may be same every month, you are not applying same amount to principal of loan. Your amortization will vary month to month. So, you will have to use a little math to determine how much equity you are actually gaining. Are you confused yet? If you are, don't worry. There is luckily a very helpful tool that will take guess work out of home equity loans. Before you commit to anything, you should play around with a home equity loan calculator to determine how much you can borrow. There are many sites available online that give you free access to a wealth of tools and calculators.What is a home equity loan calculator? Basically, it is a mathematical program that will ask for a few key pieces of information. It will then calculate how much you can borrow, and show you an example of what your amortization schedule would look like. Your lender may use a similar program to determine amount that you can borrow against your home. Once you find a home equity loan calculator, you will need to enter in a little bit of information. First it will ask you value of your home. Typically, more accurate this figure more likely you are to get an accurate end result. Most appraisal companies will take private orders, so you can order an appraisal at any time prior to actually obtaining a loan. Prices vary by location, but you can expect to spend a few hundred dollars obtaining a report. Second, you will be asked amount owed on your current mortgage. This should include any first or second mortgages that you may already have out. Consult your mortgage lender to find out exact amount owed at present time. From these two figures program will determine how much equity you have in home. You may also be asked for loan to value ratio required. This is typically 80%, 90%, 100%, or even 125%.
| | Arranging your FundraiserWritten by Cassie Kale
When deciding to host a fundraiser for your company or organization there are many fundraising ideas available to you for choosing. The most popular fundraising ideas range from chocolate, magazines and candles to candy and much more! When picking your fundraising product be sure to pick a product that will have a good mark up and will be an easy sell. Most people like candy as well as most Moms love candles. Who do you think is going to be your biggest target audience when selling your products? Don’t pick first product you see, make sure to compare prices and see if you can find a company that will offer your organization a greater discount on fundraising sales. How long will it take them to fill orders once fundraiser is over? We suggest collecting all money upfront whenever possible! This will make it much easier for you when orders come in and you won’t have to deal with who still owes money, who hasn’t paid, who wants to cancel their order and all those other situations that may arise. Next, will you deliver products to the
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