Dont know much about mortgage loans? No problem. Weve laid out the basics for yousort of a Mortgage 101. Its all herefrom the types of loans available, definitions of some common terms and what you need to know to get started with the home mortgage or mortgage refinancing process. Just check out the links below for simple answers to some frequently asked questions. And if you need more information, like what current mortgage rates are - were always just a click away. Email us your question and well get you response in less than 24 hours. Or if youve learned enough and youre ready for prequalification, just click here to start the process.
And don't forget to check out our blog, where we offer help and hints on everything from how to apply for a mortgage to what to expect at closing.
You can also stay up to date on the current mortgage rates with our Monday Mortgage Memo, which is a weekly email sent every Monday morning to your email containing the mortgage rates, links to fresh, free offers and more information on the mortgage finance business. Just hit the button below to subscribe.
Mortgage buying calculators. How much home can I afford?
Use our Mortgage Loan Calculator: enter the purchase price of your new home, the down payment, the loan interest rate and term. You'll see your monthly payment, how your equity grows, even the impact of making one-time or regular prepayments of principal.
How much house can I buy with my target monthly payment?
Use our Amortizing Loan Calculator: enter your desired payment and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid.
Is renting or owning a better value?
Use our Rent versus Buy Calculator: Put your current rent in and compare the wealth-building aspect of home ownership with ongoing rental expenses. It takes more than looking at your mortgage payment to answer the question of rent versus buy. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a decision between these two options.