There are so many things to consider and so many calculations to make when you’re securing a loan. Since your home is usually the largest investment that you make what type of loan you get and other financial decisions you make can impact you greatly. Now there is a widget to help calculate all sorts of mortgage options (19 calculators to be exact) without the pressure and subjectivity of going to one lender. This is free information you can use to make intelligent decisions in the mortgage loan arena. The widget includes a mortgage principal calculator, of course, but also has many unique calculators like a “should I refinance?” calculator and a“rent vs. buy” comparison calculator. A “what if I pay more every month”? calculator shows the effect that an additional principal payment can make on your loan and the “which loan is better?” calculator can help you decide which type of mortgage product best fits your needs.
Other calculators like an “affordability” calculator, a “how much income do I need in order to qualify” calculator and a “payment per thousand financed” calculator help you do the research on the front side so you understand the price range that you can or are willing to afford. Like every other purchase the more due diligence you do, and the more information you have at your disposal means the smarter decision you make in the end. There’s even a “how can I pay off my credit card debt sooner” calculator which almost everybody can use. If you’d like to utilize these and other helpful calculators click 19 mortgage calculators to explore this helpful widget.