Tag Archives: payments

Mortgages : How to Calculate Monthly Mortgage Payments

Posted on May 5, 2010 by Admin

In order to calculate monthly mortgage payments, a person needs to have the numbers for amortization, the rate and the loan amount. Calculate monthly mortgage payments by using an online mortgage calculator with tips from a licensed mortgage broker in this free video on personal finance and…

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Social Security Disability Recipients to See 2012 Cost of Living Increase with January Payments

Posted on February 26, 2010 by Admin


Belleville, IL (PRWEB) October 19, 2011

Beginning in January, Social Security disability recipients will see their monthly benefits increase with the 3.6 percent annual cost-of-living adjustment (COLA), according to Allsup, a nationwide provider of Social Security disability representation and Medicare plan selection services.

?This is good news for Social Security beneficiaries who have gone two years without a COLA,? said Paul Gada, personal financial planning director of the Allsup Disability Life Planning Center. ?The down side is that it reflects an increase in the cost of living, and it?s also likely that existing Medicare plan participants will see their premiums increase.?

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Q&A: How do I calculate mortgage payments when buying a home from a family member?

Posted on January 1, 2010 by Admin

Question by Y?: How do I calculate mortgage payments when buying a home from a family member?
We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it seems this gives us flexibility and saves us money, but isn’t as secure. What are the specific down-sides to this?

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