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Contact Powers Team

If you have any questions or need more detailed information, please feel free to contact me via phone at 301.613.7253 or fill out the form to let us know how we can help with your real estate needs.

Office Location 795 Rockville Pike,
Rockville, MD 20852
Phone: (301) 613-7253
Fax: (301) 424-9290

Mortgage Calculator

Here is a useful tool for you to get a sense of what your mortgage payments will look like.  Be careful because this number will likely be a little lower than your actual payments because it does not account for property tax, HOA fees, or any hazard insurance or other lender required fees.  It generally includes the principal, interest payment, and PMI if you put less than 20% down.

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 


What is the Obama administration's newest attempt at hedging future foreclosures? Hafa video!

mortgage_300

Only a few short years ago, even Real Estate Agents did not know what a short sale was!  My, how things have changed... 

Banks have estimated that the majority of short sales will have been processed by 2014.  More than 1 in 4 of all homes are now backed my mortgages that are worth more than the collateral that secures them: the homes themselves! 

The Department of the Treasury recently put out a new progam called HAFA (Home Affordable Foreclosure Alternative), which should make things more standardized...

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Location, Location, Location vs. Jobs, Jobs, Jobs!

 

potomac_400Unemployment in MD, DC, VA & US

Interested to see how the DC metropolitain area stacks up in unemployment when compared to the nation?  I think you will find this interesting, and the graph below updates automatically and so is current now!  Please post your thoughts below, I would be interested in your opinion...

PLEASE NOTE: You can click on the graph to see actual numbers

 

 

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