Kalamazoo Real Estate - Loan / Mortgage Indormation/title> <meta name="description" content="Kalamazoo Real Estate - Loan / Mortgage loan information for a new home." /> <meta name="keywords" content="kalamazoo real estate, loan, for sale, portage, real estate, mortgage, new, home, homes, house, michigan" /> <meta name="author" content="KBinc1@gmail.com"/> <link href="default.css" rel="stylesheet" type="text/css" media="screen" />  <script type="text/javascript" src="javascript/swfobject.js"></script> <script type="text/javascript" src="javascript/main.js"></script> <script type="text/javascript" src="javascript/opentrack.js"></script>   <script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.3.2/jquery.min.js"></script> <script type="text/javascript" src="fadeslideshow.js"> /*********************************************** * Ultimate Fade In Slideshow v2.0- (c) Dynamic Drive DHTML code library (www.dynamicdrive.com) * This notice MUST stay intact for legal use * Visit Dynamic Drive at http://www.dynamicdrive.com/ for this script and 100s more ***********************************************/ </script> <script type="text/javascript"> var mygallery=new fadeSlideShow({ wrapperid: "fadeshow1", //ID of blank DIV on page to house Slideshow dimensions: [180, 180], //width/height of gallery in pixels. 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var errormessage = ""; if(isNaN(document.formpmt.loanamount.value) || document.formpmt.loanamount.value == ""){ errorcheck = 1; errormessage = "Loan Amount - Do not use commas, decimal points, or a dollar sign."; } if(errorcheck ==1){ alert(errormessage) }else{ var a=document.formpmt.loanamount.value; var i=document.formpmt.interest.options[document.formpmt.interest.selectedIndex].value i = (i/100)/12; var n = document.formpmt.loanterm.options[document.formpmt.loanterm.selectedIndex].value p = a * ( i / (1 - Math.pow((1 + i),-n))) var pmt = p.toString(); pmt= pmt.substr(0, pmt.indexOf(".")+3) document.formpmt.payment.value = pmt } } function setterm(term){ document.formpmt.loanterm.value=term } </script> </h2> <form name="formpmt"> <label>Loan Amount ....................... $</label> <input name="loanamount" type="text" size="20" maxlength="8" /> <br/> <label>Interest Rate ......................................</label> <select name="interest"> <option value="4.5">4.5%</option> <option value="5.0" selected>5.0%</option> <option value="5.5">5.5%</option> <option value="6">6.0%</option> <option value="6.5">6.5%</option> <option value="7">7.0%</option> <option value="9">8.0%</option> <option value="9">9.0%</option> <option value="10">10.0%</option> </select> Percent<br /> <label>Loan term........................................</label> <select name="loanterm" id="loanterm" > <option value="180">15 years</option> <option value="360" selected>30 years</option> </select> Years<br/> <label></label> <p> <input name="CalcButton" type="button" id="CalcButton" onclick="calcpayment()" value="Calculate" /> </p> <label>Monthly payment ... (estimated) ... $</label> <input name="payment" type="text" size="20" maxlength="8" /> </form> <p> This estimated calculation includes principal and interest only. For more information about mortgage payments, you should contact a local mortgage specialist. Please see the list of mortgage banking.</p> <hr /> <p><strong>Mortgage:</strong> It is a lien or security agreement on your property that secures the promise to repay a loan and the property is the collateral for the loan. The mortgage gives the lender the right to collect on the loan and to foreclose if the loan obligations are not met. </p> <p><strong>Mortgage Banker:</strong> It is a company that originates loans and resells them to secondary mortgage lenders like Fannie Mae or Freddie Mac.</p></td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> </table> <div align="center"> <p><strong>For more information about banner ads, website links, please e-mail your request to</strong></p> </div> <div align="center"><strong> KBinc1@gmail.com </strong>- <a href="Terms_of_use.html"><strong>Terms of Use </strong></a></div> </div> </div>  </div> <div id="footer"> <p><script type="text/javascript"> now=new Date(); year=now.getFullYear(); </script>© Copyright 2009-<script type="text/javascript"> document.write(year); </script> <a href="index.html"><strong> www.KalamazooRealEstate.com</strong></a> All Rights Reserved. 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