Rent vs. Buy

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click Here >>

What's my credit like?

Not sure what your credit report looks like? You might want to check. Few things can affect your ability to qualify for a mortgage loan (or any other loan for that matter) more than your credit report. Federal legislation requires that three credit bureaus to provide free annual reports to all consumers. To get yours... Click Here >>

Interest Rates

Interested in running the numbers? Keep in mind that interest rates and their associated APR's (Annual Percentage Rate) can each vary dramatically. Click on this link to clarify the difference between the two, as well as determine what today's rates are. Click Here >>

Mortgage Loan Calculator

Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay and your principal balances. You can even determine the impact of any principal prepayments! Click Here >>

Fixed Rate Mortgage vs. ARM (Adjustable Rate Mortgage) vs. Option ARM

A fixed rate mortgage has the same payment for the entire term of the loan. The ARM uses a low initial rate to calculate your initial minimum monthly payment. Although the interest rate will increase after a specified period of time, your low payment will remain fixed for the entire year. This can produce a much lower monthly payment than a traditional fixed rate mortgage.
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Interest Only Mortgage Calculator

Use this calculator to generate an amortization schedule for an interest only mortgage. Quickly see how much interest you will pay and your principal balances. You can even determine the impact of any principal prepayments! Press the "View Report" button for a full yearly or monthly amortization schedule. Click Here >>

Mortgage comparison: 15 years vs. 30 years

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. Click Here >>

Insurance

Home insurance has become increasing complex. To learn more about the insurability of your new home purchase... Click Here >>

Mortgage Info Link: www.mortgage101.com