Mortgage Calculator - Lose that Stress from Doing the Math Yourself
These mortgage calculators are categorized into 15 classifications depending on the type of mortgage you want and the terms in interests and principal you want to apply. These classifications for mortgage calculators are the following:
a. Mortgage calculator to determine a borrowers ability to afford a house. This type of calculator can be classified into two. There is a mortgage calculator that determines if a borrower can afford a house and mortgage calculator to help the borrower determine if it is better for him to make a small down payment or no down payment at all or save up first, then make a bigger down payment later on.
b. Mortgage calculator for consolidating non-mortgage debt. There are three types of calculators under these. The first one is used for borrowers who want to consider merging non-mortgage debt in their bought mortgage. The second type of mortgage calculator is for those who want to consider refinancing their mortgage by cash-out or by taking another mortgage. The third kind is for borrowers who already have 2 mortgages for a particular loan and are considering other options to help pay off the 1st mortgage.
c. Mortgage calculator to determine the monthly payments of their mortgage. The types of mortgage calculator to be used will depend on the terms you choose. There is a mortgage calculator for fixed rate mortgages, adjustable rate mortgages without negative amortizations, adjustable rate mortgages with negative amortizations, adjustable rate mortgages with flexible amortizations and mortgage payments with temporary buy downs.
d. Mortgage calculator to determine how much interest borrowers can save should he decide to pay an additional amount for the principal value during payment. The mortgage calculator varies depending on the number of payments a borrower is willing to give. These are extra monthly payments, bi-weekly payments applied monthly, bi-weekly payments applied bi-weekly and extra monthly payments to be paid in a specific period.
e. Mortgage calculator to determine if refinancing a mortgage will reduce its cost. This type of mortgage calculator can be applied to a borrower who wants to refinance a mortgage or 2 mortgages. Other calculators are used to determine if refinancing one mortgage into two can reduce costs while others are used to determine if cash-out refinancing is better than deciding to take on a second mortgage.
f. Mortgage calculator for determining the length of time borrowers have to pay insurance premiums applied to their mortgage.
g. Mortgage calculator to determine amortizations. There are 2 kinds of these. One determines the savings a borrower can have on his tax on the interests and the second mortgage calculator determines the appreciation of property being mortgaged.
h. Mortgage calculator to compare two mortgages. These are different types of calculators that compare the various mortgages that include amortizations and non-amortizations, government and non-government loans, fixed rate and adjustable interests.
i. Mortgage calculator to compute points and fees in a mortgage. The calculator is used to determine the rate of return of ARMs (Adjustable Rate Mortgages) and FRMs (Flexible Rate Mortgages) and the amount that can be saved or lost by using paying points for interest reduction on FRMs.
j. Mortgage calculator for determining amounts to be paid for a mortgage insurance and down payment and
k. Mortgage calculator to determine the feasibility of having a mortgage loan in a shorter term.
These mortgage calculators and other various mortgage calculators are available for use in the Internet. Companies such as Freddie Mac, Fannie May, Real-Time-Rates.Com and Mortgage-X have interactive pages in their websites where you can do your calculations online. Aside from these, other sites such as HSH Associates give free downloads of their loan calculators.
Related Tags: real estate, home, morgage
For more information cheapmorgages.blogspot.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Competing Bids
OK, here's the deal. You have found that perfect home. Its in the right area, has all the right bene - Home Buying 101 - How Much Earnest Money Do I Need?
Every home buyer loves the process of visiting homes and finding that perfect place to call home. Si - How to Avoid the Five Biggest Home Buying Mistakes?
While buying a home is without a doubt an exciting endeavor in some cases home buyers overlook thing - How to Find the Right House with the Right Layout Design?
Buy a home with a layout design that suit your needs and be comfortable for you is important. Unfort - Guidelines for First Time Home Buyers
Many first time homebuyer's feel as though they are limited in what they can buy because of budget r - Find The Best Realtor In Chicago
Moving from one home to another can be a stressful time. One the one hand, you are leaving behind a - Why Real Estate Options Are Less Risky, More Profitable, and Easier Use Than Most Property-Flipping Strategies Being Taught Today
The problem with 99 percent of all theproperty-f lipping strategies being taught today is that they - Buying Property in Mexico
If you plan to buy property in Mexico it is very important you receive as much information as possib - Struggling First Time Buyers In The UK - Look At Spanish Property!
With the average UK property price now reaching 100,000 pounds, rising mortgage rates and a tax mad - First Time Buyers
Interest rates are among the lowest in decades and the availability of housing of all varieties is a
Most viewed articles in this category:
- You Can Afford Your Dream Vacation Home
Part of the American dream is to own a second home where your family can gather on holidays or retre - 8 Real Estate Negotiation Tips
When buying a real estate investment:1. Check if the seller is motivated to sell the propertyIn real - Probate Real Estate - The Road Less Traveled To Real Estate Riches
Wonder why it's become so difficult to obtain foreclosure properties at deeply discounted prices? D - Hillsborough County Real Estate - Where the Younger Crowd Wants to Live
Hillsborough County, Florida includes the large incorporated metro areas of Tampa, Temple Terrace an - Where to Buy a Vacation Rental Home
So you've made up your mind to get into the vacation rental business. Where should you buy a propert - Sarasota Real Estate Sales Downtrend: A Buyer's Opportunity
Experts give advice to prospective buyers: Don't be afraid to bargain for your dream home in Saraso - 5 Myths of UK housing Market
1. A shortage of supply means prices will never fall. Often people will say because of high demand a - Laguna Niguel Real Estate Buyer's Guide
Laguna Niguel is a large community in South Orange County, CA. From a Real Estate Prospective, Lagu - First Time Home Buying
First time home can be a real challenge from learning all the real estate "Lingo" to trying to get t - Why Not in the Philippines?
According to an Ibon research, an estimated 3,000 Filipinos leave the country everyday to find jobs