Portfolio Science RiskAPI? Powers Rydex Investments' Real Returns Calculator
(ContentDesk) April 10, 2006 -- Rydex Investments, a leading financial service provider and originator of both mutual funds and ETF's, has released the mutual fund industry's first ever interactive portfolio calculator for financial advisors. Powered by the PortfolioScience RiskAPI system, the Rydex Real Returns Calculator allows financial advisors to simulate portfolio allocation changes, generating return and volatility measurements across several custom or pre-configured historical time periods. "Our distributed, programmable interface made it possible for Rydex to focus on design and the specifics of their calculator, without having to develop and maintain all of the complex components needed to generate risk and return analysis for over 20 thousand mutual funds and ETF's," said Ittai Korin, founder and President of PortfolioScience.The Real Returns Calculator at www.rydexfundsfp.com connects to the RiskAPI system on-the-fly, making multiple dynamic calculation requests as advisors run simulations on their portfolios. The calculator itself, meanwhile, resides entirely on Rydex's site, providing them with full control over their application."We are excited to see such a robust and successful proof of the value of our RiskAPI tool set," Korin said. "Rydex was able to truly innovate within the mutual fund industry and we are very pleased to have had a hand in making that possible."About PortfolioSciencePortfolioScience specializes in risk management technology for financial institutions and investment services.
The company's products allow fund managers, traders, and investors alike to access powerful risk analysis capabilities on-demand. In addition, PortfolioScience creates turn-key risk management systems for institutional financial services, allowing them to provide their clients with portfolio risk analysis services virtually overnight. For additional information on Portfolio Science visit www.portfolioscience.com.About RydexRydex Investments continues to drive change in the financial industry by introducing investment products and services that challenge conventional thinking, empower investors and provide essential new options for uncertain market conditions. Rydex manages $14 billion in assets via more than 60 mutual funds, including three exchange-traded products. For more information, call 800.820.0888 or visit www.rydexinvestments.com..
Refinance Home Mortgage Loans
Refinancing a home loan, in simple terms, means exchanging an existing mortgage with a new one. When a mortgage is refinanced, then the person in actuality buys another mortgage with better features. Usually, refinancing for a home mortgage is done when the current interest rates dip by at least 2% compared to the existing mortgage. Hence, when a loan is refinanced, it can save a pretty bundle on interest payments for the entire life of the loan.
When a mortgagee approaches a mortgage company for refinancing a home mortgage, then the first step taken by the lenders is to send an officer for appraisal of the property. Appraisal is needed, as the current value of the property may have appreciated from its value at the onset.
Then the company would decide how much of the value it would refinance. A new contract will be made, which will be signed by the mortgage buyer at the office of the lender. Once the money is issued, it is used to pay off the existing mortgage. ...
Refinance Home Mortgage Loans
Mortgage calculator > Refinance Home Mortgage Loans
Secondary Mortgage Market Sets the Standards and Practices for Mortgage Lending
The Secondary Mortgage Market is responsible for the setting many of the rules and common practices that determines who gets a home loan. The secondary market includes Fannie Mae (Federal National Mortgage Association or FNMA), Freddie Mac (Federal Home Loan Corporation or FHLMC), Ginnie Mae (Government National Mortgage Association or GNMA) and a variety of other investment oriented institutions.These institutions set the standards because they are the ones that will often buy and service your home loan after you have purchased your property. Although your lender handles all of your initial paperwork, there are several well established steps to take your Mortgage out of their hands and into the secondary market where additional fees, manpower and time that will be invested in servicing your home loan for a typical period of 15 to 30 years. They Lend Money to Your LenderOnce your lender sells you home loan on the secondary market, it frees up the money to make another loan to another...
Secondary Mortgage Market Sets the Standards and Practices for Mortgage Lending
Mortgage calculator > Secondary Mortgage Market Sets the Standards and Practices for Mortgage Lending
New Home Loan - Understand The Various Types Of Mortgage Lenders
So, you've decided to buy a house, and you're ready for that all important next step?applying for a mortgage loan. But where should you go? After all, the mortgage business is complex, and you've realized quickly that your choices for lenders are immense. Here's a quick guide to help you understand all of your choices for lenders.Mortgage BankerBy using a mortgage banker, you will deal with the same person from the beginning to the end of the loan process. The mortgage banker makes his money from the fees that you will pay for the loan, such as the points and closing fees. After you've closed on the loan, you may continue your relationship with the same company, or they may sell your loan to a secondary person.Mortgage BrokerIf you don't have the time to loan shop on your own, or have a not-so-perfect credit history, a mortgage broker may be the way to go for you.
A mortgage broker acts as a middleman between a borrower and a mortgage banker, and generally knows where the best...
New Home Loan - Understand The Various Types Of Mortgage Lenders
Mortgage calculator > New Home Loan - Understand The Various Types Of Mortgage Lenders
Houston Mortgage Refinance
Refinancing your mortgage with a Houston mortgage company can help save you money and improve your quality of living. There are a number of benefits that homeowners can receive when refinancing a home. Lowering your current rate is one of the most traditional forms of refinancing. Shortening the term of a mortgage and paying off a mortgage loan in a shorter amount of time can save you several thousands of dollars.
Rates haven't been this low for over 45 years, and lowing the finance rate on a mortgage is the most common reason to refinance. You might refinance with a short-term loan and receive even lower rates with a quicker payoff time and still pay less per month than you are now paying
Since refinancing involves paying closing costs, how much and how long do you need to save with your lower payment to pay back closing costs?
How much longer do you intend to live in the home?
A rule of thumb says you should consider refinancing if you can...
Mortgage calculator > Houston Mortgage Refinance