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What is the average mortgage balance in the united staTES?
According the Kansas City Federal Reserve Bank, the average mortgage balance in the US is $181,225. Source: http://www.kc.frb.org/comaffrs/subprime/Omaha.07.02.08.pdf
How much is the Average size of mortgage in US?
As of Q2 2010 the Average mortgage in the US was $193,800.
How much is the average mortgage in Seattle?
2400
What was the average home mortgage interest rate in May 2009?
The average mortgage rate of May 2009 is around 5.50. The aspect of ongoing purchases of government and mortgage-backed-debt would have helped to keep a lid on rates for the balance in 2009.
Do you have to insure your home for more than the mortgage balance?
To the insurance company, your mortgage balance has no impact on how much insurance coverage you need for your home. Homeowners insurance is based on the replacement/reconstruction cost of your home.
Reverse Mortgage Calculator?
Reverse Mortgage Calculator Use this calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.
How much is the monthly payment to pay off my mortgage in 12 years?
Google mortgage calculator. Find one online and fill out the questions... You will need to know balance and rate...
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
How much does an average US home mortgage cost?
The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.
Does mortgage payable post to the income statement or balance sheet?
Mortgage payable is liability so it is part of balance sheet and not part of income statement.
How many payments on 1st mortgage until you can get a 2nd mortgage?
This is not determined by the number of payments you make, it is determined by how much equity you have in the home. If the home is worth more than the outstanding balance on the mortgage, you may be able to get a second mortgage or home equity line of credit.
What mortgage type typically offers low rates for an initial period of time after which the entire balance is due?
balloon mortgage
