Mortgage Information
|
If you are like most home buyers a home is the most expensive purchase you will ever make and you will probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. Try out the Prequal Calculator and the Payment Calculator. It's easy. Your privacy is assured. Contact me if I may be of further assistance.
|
 |
Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. Remember you will be subject to a credit approval from your financial institution taking into consideration existing debt, amount of down payment, income and other variables.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.
IMPORTANT: The mortgage payments shown will only be for principle and interest. You must consider that property taxes, specials (if any), and Private Mortgage Insurance (PMI - if applicable) will increase the amount of the mortgage payment. If your down payment is less than 20% of the purchase price you more than likely will have these amounts added to your payment.