Slide 1: Mortgage calculator http://images.apple.com/downloads/dashboard/calculate_convert/images/mortgagecalculator_20071018102607.jpg Slide 2: Mortgage Calculator provides a variety of free calculators to assist you in researching, planning and obtaining a mortgage as well as learning more about your existing mortgage. It is also known as a mortgage payment calculator. http://www.pennforlife.com/wp-content/uploads/2009/07/calculator.jpg Slide 3: By using free mortgage calculator you can calculate your monthly mortgage payments, interest rates, pay-off dates and amortization schedule, in addition to a number of other variables about mortgages such as finding the best rates.
All of the payment calculators are designed to make it easier for you to understand mortgages and help you make important decisions about your finances. http://www.mortgage-info.com/images/mortgage-calculator-screenshot.GIF Slide 4: Mortgages can be confusing and intimidating, which is why there are comprehensive range of free mortgage calculator tools to help you out along the way.
This is the easy way to determine how much your mortgage repayment budget needs to be. http://www.jodyluckie.com/briefcase/74793_99200912913PM55259.jpg Mortgage Payment Calculator : Mortgage Payment Calculator All of these tools are vital in helping you plan your mortgage as the most important thing to do before committing to a mortgage loan is doing thorough research to fully understand them and how they will affect your income levels and spending, and what the repayments will be. By using a mortgage calculator, you can do that all with the click of a button. http://www.mortgagepaymentcalculator.cc/images/Mortgage%20Payment%20Calculator%20Image.jpg Slide 6: When you use the mortgage calculator, the main fields to keep your eye on are the interest rate and the length. If you input a lower rate, you can expect your monthly payment to go down. Just how much an interest rate decrease affects your monthly balance depends on the size of your loan. Choose a loan with a shorter term, and you can expect your monthly payment to rise. Consider that you're paying off the same loan in a shorter period of time. http://onlinecalculator.net.au/online-calculator.jpg Need some information for using Mortgage Calculator : Need some information for using Mortgage Calculator http://mortgage.lovetoknow.com/images/Mortgage/0/02/Mortgage_calculator.jpg Slide 8: 1. Mortgage amount.
If you're getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home's price. If you're refinancing, this number will be the outstanding balance on your mortgage.
2. Mortgage term.
This is the length of the mortgage you're considering. For example, if you're buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt for a loan that lasts 15 years. Slide 9: 3. Interest rate.
Estimate the interest rate on a new mortgage by checking the rate tables for your area. Once you have a projected rate -- your real-life rate may be different depending on your overall credit picture -- you can plug it in to the calculator.
4. Mortgage start date.
If you're buying a home or refinancing soon, this should be the date you plan on closing. But if you're trying to get more information on a mortgage you already have, set the date to your original closing date. 3 ways to use a mortgage calculator : 3 ways to use a mortgage calculator Planning to pay off your mortgage early
By the time a 30-year fixed-rate mortgage is paid off, the typical mortgage holder will have made total interest payments significantly larger than the original principal on the loan.
2. Decide if an ARM is worth the risk.
The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won't cut their monthly payments as much as they think. Slide 11: 3. Find out when to get rid of private mortgage insurance.
You can use the mortgage calculator to determine when you'll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement. http://www.plus50lifestyles.com/images/money614.gif Who should use Mortgage Calculator? : Who should use Mortgage Calculator? Mortgage calculator can be used by real estate professionals as well as potential home buyers. Once a mortgage financing agreement is in place, the mortgage payment calculator may still be utilized by the borrower to determine the impact that a change in interest rate may have on the mortgage payment amount. Slide 13: Help your customers buy a home today by installing free Mortgage Calculator on your website. http://www.barilga.mn/Image/content/mortgage_calculator.jpg