You’re ready to buy a house, but what about your finances? A mortgage calculator is simply a tool to help you estimate the payment you can expect.
Knowing what you can afford or the purchasing power you have requires a solid lender. A trusted lender will evaluate your debt-to-income ratio by taking into account your household income versus the amount of expenses you incur monthly. He or she will evaluate your credit, the financing options you may have, what, if anything you need to do to raise your credit score and help find the best loan program and down payment that works best for you.
Not all lenders are created equal. So the first true step in the home buying process is connecting with an experienced realtor and a PROVEN lender. From here you will all work together to devise an individualized, personal plan for you and your home purchase financing. Having this guidance from experts is a sure way to set yourself up for success down the road.”
Use our mortgage calculator to determine your monthly payment and create a personalized payment schedule. This is a useful tool in the home buying process.
