Carole's Guide to Mortgage Info
|
The first step in the home-buying process is knowing what you can comfortably afford. There is nothing so devestating as finding your dream home and not being able to afford it.
A good loan officer will work with you to find the best loan program to suit your needs. A good loan officer works with your realtor so 'we' can work together as your team. In the event you need assistance in finding a loan officer who will represent your best interests, please contact me. I have very good mortgage contacts in the Lexington area.
Before you and I look at houses I want you to know exactly what you can afford so we have set you up for success in finding your dream property!
|
 |
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. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, 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.