Mortgage Calculator

What is happening here is the selling out of our citizens to benefit the bottom line of our nation’s financial systems. It is not unheard of for closing costs to be five or ten thousand dollars to simply re-write a thirty year mortgage. All of the closing costs are profit to the lender and it is awfully nice of them to roll them charges into your payment. Then you get hit with the private mortgage insurance that protects the bank but not you. Isn’t it nice that you pay for the bank’s insurance on your loan if you do not have 80% equity in your home? If you lose your home, legally you are still responsible for the loan. Nothing short of bankruptcy will cover your butt and even still, it can go the distance through collections.