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How to Calculate Per Diem Interest

November 9th, 2010

To calculate Per Diem interest, it is enough to know the daily interest rate of the mortgage. Per diem interest is the interest borrowers pay at closing before their mortgage loan adjusts to the lender’s mortgage loan servicing cycle.

For example, if your mortgage payments will be due on the 1st and you close your loan on the 19th, you will owe per diem interest for 11 or 12 days.

Calculating Per Diem Interest

If you are closing on a mortgage loan of $100,000 at 6.25% you are paying (100,000 x 0.0625/12) equals $520.83 interest monthly. Or, daily interest for a 30-day month will be $17.36.

If you are closing on the mortgage loan on January 19, you will owe (11 x 17.36) equals $190.96 per diem interest at closing. Your first mortgage payment will be due on March 1st.

Recommended helpful present and future homeowners links:

Why: Refinance to a fixed rate loan while mortgage rates are still low

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Earnest Money Deposit

June 29th, 2010

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Create a self-signed digital ID

April 6th, 2010

If you’re not using a third-party digital ID, you can create your own self-signed digital ID. When you create a self-signed digital ID, the resulting file stores an encrypted private key used for signing or decrypting documents and a public key contained in a certificate, which is used for validating signatures and encrypting documents.

Choose Document > Security Settings.
Select Digital IDs on the left, and then click the Add ID button .
Select Create A Self-Signed Digital ID For Use With Acrobat, and click Next.
Specify where to store the digital ID, and click Next.

New PKCS#12 Digital ID File

Stores the information in a file that you can send to others. This is a standard encryption format with a .pfx extension in Windows and .p12 in Mac OS.

Windows Certificate Store (Windows only)

Stores the file where other Windows applications can also retrieve it.
Type a name, email address, and other personal information for your digital ID. When you certify or sign a document, the name appears in the Signatures panel and in the signature field.
(Optional) To use Unicode values for extended characters, select Enable Unicode Support, and then specify Unicode values in the appropriate boxes.
Choose an option from the Key Algorithm menu. 2048-bit RSA offers more security than 1024-bit RSA, but 1024-bit RSA is more universally compatible.
From the Use Digital ID For menu, choose whether you want to use the digital ID for signatures, data encryption, or both. Click Next.
Specify a filename and location for the digital ID file.
Type a password; passwords are case-sensitive, must contain at least six characters, and may not contain double quotation marks or the following characters: ! @ # $ % ^ & * , | \ ; < > _. Type the same password in both the Password and Confirm Password boxes. Click Finish.
You can export and send your certificate file to those who need to validate your signature.

Important: Make a backup copy of your digital ID file. If your digital ID file is lost or corrupted, or if you forget your password, you cannot use that profile to add or validate signatures.

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Sign a PDF

April 6th, 2010

You can sign a PDF to indicate your approval. A PDF can be signed more than once and by more than one person. When you sign a document, your digital signature appears in the signature field. The appearance of the signature depends on options you choose. The actual information for your digital signature is embedded in the PDF. Only PDFs with Reader Rights enabled can be signed.

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Before you sign a PDF

April 6th, 2010

You can expedite the signing process and optimize your results by making the following preparations in advance:

Obtain a digital ID, or create a self-signed digital ID in Reader.
Note: You cannot create self-signed digital IDs from within FIPS mode.
Set the default signing method.
Create an appearance for your digital signature.
Use Preview Document mode to suppress any dynamic content that may alter the appearance of the document and mislead you into signing something you shouldn’t.
Review all the pages in a document before you sign. Documents may contain signature fields on multiple pages. When you sign one field, your signature appears in all occurrences of the field, whether you approve those pages or not.

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Clear or remove a digital signature

April 6th, 2010

Do one of the following:

To remove a signature, right-click/Control-click the signature field and choose Clear Signature Field.
To remove all signatures in a PDF, choose Clear All Signature Fields from the Options menu in the Signatures panel.