Before you get too far in your home search, it’s important to get pre-approved for a mortgage so that you understand how much home you can afford, as well as how much you want to invest in your new home.
For a list of items needed throughout the loan process, check out Liz Moore’s Home Financing Checklist.
- Additional payment calculator
How much do you save by paying more or making additional payments than your initial mortgage terms?
- Monthly payment calculator
Want to know how much your monthly payment is for your mortgage?
- How much do I have to earn?
Not sure how much money you’ll have to earn to afford your house payment and accompanying expenses?
- How much can I borrow?
Want to know how big of a mortgage you can take on?
- Should I pay discount points?
Not sure if you should pay discount points on your mortgage loan?
- How much will I save by refinancing my loan?
How long will it take to recoup the costs of refinancing my home mortgage?
- How much will my tax deduction be?
Want to know how much your home mortgage will save you in taxes?
- Bi-weekly mortgage calculator
Want to know how much time and money you’ll save paying off your loan on a bi-weekly payment plan?
- APR calculator
To find out the annual percentage rate of your loan, enter the loan amount, interest rate, points, other costs
and year-length term.
- Interest only monthly payment calculator
To find out the monthly savings you could gain from an interest-only payment plan.
Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding buying or selling contact Alyssa at 757-329-6161 or firstname.lastname@example.org. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.