HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Is Your Home Underwater? Behind on Your Payments?
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Is Your Home Underwater? Behind on Your Payments?
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Is Your Home Underwater? Behind on Your Payments?

May 26, 2011 (Jeff Alan)

According to a recent poll by Rasmussen, 51 percent of homeowners believe that they owe more on their mortgage than their home is worth, and if you are underwater or behind on your payments, the Treasury Department and the Department of Housing and Urban Development (HUD) have introduced a way to help you find answers.

As part of the Home Affordable Modification Program (HAMP), both agencies have jointly launched a new website called CheckMyNPV.com, to assist homeowners in understanding the HAMP net present value (NPV) process.

Their goal is to provide an easy to use tool for homeowners to conduct a self-evaluation of their mortgage and present a guide to open dialogue between homeowners and mortgage servicers.

Designed as a self-service, self-education tool, homeowners can use the website to learn more about the HAMP process and the NPV process which uses the same underlying formula required by HAMP servicers.

Users can go to the website and enter NPV input values provided by their mortgage servicer or substitute with estimated values and CheckMyNPV.com will provide a proposed interest rate, term (number of payments), and forbearance amount for your modification.

The tool can be used by homeowners prior to applying for HAMP loan modification to help them better understand the NPV evaluation process and it can also be used by homeowners who have been denied a HAMP loan modification to compare against their Non-Approval Notice for a discussion with their mortgage servicer about what additional options may be available for you.

It is important to note that CheckMyNPV.com provides only an estimate of a mortgage servicer’s NPV evaluation. The CheckMyNPV.com formula is required to be the same as that used by mortgage servicers in evaluating a mortgage for HAMP, but differences in input data (such as those you entered during the CheckMyNPV.com evaluation) and other industry-related data used by the NPV formula may result in different outputs.

The results don’t guarantee a loan modification as there is other criteria and information that will be needed to see if you qualify, but it does give you the ability to gain a better understanding of the HAMP process and a better understanding of the options that are available to you when talking to your mortgage servicer.

If you’d like to learn more, start the process at the CheckMyNPV,com website.

Tags: underwater home, behind on payments, Treasury Department, HUD, HAMP, net present value, mortgage self-evaluation, homeowners, mortgage servicers, loan modifications

Sources:
Rasmussen Reports

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 26, 2011 (Jeff Alan)

According to a recent poll by Rasmussen, 51 percent of homeowners believe that they owe more on their mortgage than their home is worth, and if you are underwater or behind on your payments, the Treasury Department and the Department of Housing and Urban Development (HUD) have introduced a way to help you find answers.

As part of the Home Affordable Modification Program (HAMP), both agencies have jointly launched a new website called CheckMyNPV.com, to assist homeowners in understanding the HAMP net present value (NPV) process.

Their goal is to provide an easy to use tool for homeowners to conduct a self-evaluation of their mortgage and present a guide to open dialogue between homeowners and mortgage servicers.

Designed as a self-service, self-education tool, homeowners can use the website to learn more about the HAMP process and the NPV process which uses the same underlying formula required by HAMP servicers.

Users can go to the website and enter NPV input values provided by their mortgage servicer or substitute with estimated values and CheckMyNPV.com will provide a proposed interest rate, term (number of payments), and forbearance amount for your modification.

The tool can be used by homeowners prior to applying for HAMP loan modification to help them better understand the NPV evaluation process and it can also be used by homeowners who have been denied a HAMP loan modification to compare against their Non-Approval Notice for a discussion with their mortgage servicer about what additional options may be available for you.

It is important to note that CheckMyNPV.com provides only an estimate of a mortgage servicer’s NPV evaluation. The CheckMyNPV.com formula is required to be the same as that used by mortgage servicers in evaluating a mortgage for HAMP, but differences in input data (such as those you entered during the CheckMyNPV.com evaluation) and other industry-related data used by the NPV formula may result in different outputs.

The results don’t guarantee a loan modification as there is other criteria and information that will be needed to see if you qualify, but it does give you the ability to gain a better understanding of the HAMP process and a better understanding of the options that are available to you when talking to your mortgage servicer.

If you’d like to learn more, start the process at the CheckMyNPV,com website.

Tags: underwater home, behind on payments, Treasury Department, HUD, HAMP, net present value, mortgage self-evaluation, homeowners, mortgage servicers, loan modifications

Sources:
Rasmussen Reports

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 26, 2011 (Jeff Alan)

According to a recent poll by Rasmussen, 51 percent of homeowners believe that they owe more on their mortgage than their home is worth, and if you are underwater or behind on your payments, the Treasury Department and the Department of Housing and Urban Development (HUD) have introduced a way to help you find answers.

As part of the Home Affordable Modification Program (HAMP), both agencies have jointly launched a new website called CheckMyNPV.com, to assist homeowners in understanding the HAMP net present value (NPV) process.

Their goal is to provide an easy to use tool for homeowners to conduct a self-evaluation of their mortgage and present a guide to open dialogue between homeowners and mortgage servicers.

Designed as a self-service, self-education tool, homeowners can use the website to learn more about the HAMP process and the NPV process which uses the same underlying formula required by HAMP servicers.

Users can go to the website and enter NPV input values provided by their mortgage servicer or substitute with estimated values and CheckMyNPV.com will provide a proposed interest rate, term (number of payments), and forbearance amount for your modification.

The tool can be used by homeowners prior to applying for HAMP loan modification to help them better understand the NPV evaluation process and it can also be used by homeowners who have been denied a HAMP loan modification to compare against their Non-Approval Notice for a discussion with their mortgage servicer about what additional options may be available for you.

It is important to note that CheckMyNPV.com provides only an estimate of a mortgage servicer’s NPV evaluation. The CheckMyNPV.com formula is required to be the same as that used by mortgage servicers in evaluating a mortgage for HAMP, but differences in input data (such as those you entered during the CheckMyNPV.com evaluation) and other industry-related data used by the NPV formula may result in different outputs.

The results don’t guarantee a loan modification as there is other criteria and information that will be needed to see if you qualify, but it does give you the ability to gain a better understanding of the HAMP process and a better understanding of the options that are available to you when talking to your mortgage servicer.

If you’d like to learn more, start the process at the CheckMyNPV,com website.

Tags: underwater home, behind on payments, Treasury Department, HUD, HAMP, net present value, mortgage self-evaluation, homeowners, mortgage servicers, loan modifications

Sources:
Rasmussen Reports