Secure a Great Home Mortgage Loan using a Good Mortgage Calculator

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While mortgage brokers may present pre-calculated values of monthly payments and interests, it is still better for homebuyers to have an idea on the amount they are going to pay in a home mortgage loan before meeting their agent. Having an early estimate on how much money will be involved in the transaction helps both parties since brokers have easier time explaining the different options to the buyers and the latter’s choices, on the other hand, are already narrowed down based on their financial capacity. Fortunately, homeowners are saved from the hassle of manual calculations through various mortgage calculators that are available in the internet and can be downloaded to their iPhone, iPad or Android-powered mobile device for offline use.

By simply entering the value of the home, the sum you plan to borrow, the loan term (number of years) and the interest rate, you can generate the summary of your possible mortgage repayment in a second. This summary includes monthly and bi-monthly payments and interest and sometimes, expected insurance and property taxes, too.

Secure a Great Home Mortgage Loan using a Good Mortgage Calculator

Mortgage calculators that do all the hard work for you

Listed below, are a number of the mortgage calculators recommended by different mortgage authors:

www.mortgage-calc.com Aside from the typical values, this site also includes amortization, prequalification and comparison on the rates of several mortgage banks.

www.bankrate.com This mortgage calculator provides amortization and refinancing information along with the monthly payments and interest rates of every mortgage plans.

www.mortgagecalculator.org This site offers calculation and information on mortgage qualification, fixed and adjustable rate mortgages, refinancing, bi-weekly and extra payments, discount points and tax benefits. Furthermore, it also computes for personal and car loan, and certificate of deposits.

www.calculators4mortgages.com This site performs mortgage and refinance calculation and also arranges amortization tables.

www.hsh.com This mortgage calculator provides amortization schedules with the calculation on bi-weekly and the standard monthly payments.

www.mortgagecalculatorplus.com This site presents calculation on monthly payments and generates amortization tables and schedules on a simple-looking page.

www.mortgage.math.com This mortgage calculator shows values of mortgage payments, mortgage principal, mortgage length, affordability, discount points, tax benefits, interest-only with additional payments, credit card payoff with minimum payments and credit card payoff goal calculation. You should also visit this site for more information here. In addition to those, it also provides information about qualification and refinancing, and comparison between standard and bi-weekly payments as well as rent versus buy options.

The choice of the professionals…

And if you still feel the need for professional advice, you can go to www.mortgagebroker247.com.au where mortgage brokers Melbourne, are available online every hour of every day to assist you in calculating mortgage payments and help you decide which mortgage plan to choose.

With all these good mortgage calculators available, you can have a head start in getting the best loan for the house you are going to purchase and even save some of your hard-earned money.

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