Can
I really afford to buy a home?
This calculator
will give you a general idea how much of a mortgage you can afford based on your
down payment and what you want your monthly payments to be.
Which loan is better?
This calculator will compare
two mortgages: one with a lower interest rate and one with fewer points.
Which
is better - a 30 or 15 year mortgage?
This loan comparison calculator will compare a 30 and 15 year mortgage. If you'd
like, you can also enter your own mortgage terms. As you will see, a 15 year mortgage
will allow you substantial interest savings. However, the increased monthly payment
might not be affordable. Consult a financial advisor for a more specific estimate
of the benefits to you.
Which
is better - monthly or biweekly payments?
A biweekly mortgage
allows you to make a mortgage payment every 2 weeks resulting in 26 payments per
year vs 12 monthly payments per year, or the equivalent of 13 monthly payments.
The result is a considerable reduction in the term of the mortgage, as well as
savings in total interest paid.
Suggested Mortgage Consultants
Linda Bodaly, Mortgage Express
Dawn Bell, Guild Mortgage
Deanna McClelland, Eagle Home Mortgage