Questions about a new mortgage?
We are here to help.
- Mortgage Calculator
It's widely accepted that mortgage lenders want you to take out as much debt as you can possibly afford, all while earning themselves a handsome profit off your interest payments. Well, we don't agree with this approach. In fact, we've built our entire strategy around helping you achieve a debt-free lifestyle as quickly as possible. We recognize the many benefits of becoming debt-free and we're here to support you on the journey towards our shared goal.
We developed our easy-to-use mortgage (home loan) calculator to show you just how much you can save with the right mortgage plan. Your mortgage is likely to be the longest-lasting and most expensive loan that you'll ever take, and therefore it's an especially important step towards your financial independence. Additionally, we've covered the benefits of a debt-free lifestyle and a shorter mortgage term with the goal of empowering you to make the best financial decisions for the life that you want to build.
- How much home can I afford?
When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain.
- Should I convert to a bi-weekly payment schedule?
It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.
- Should I refinance my mortgage?
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have crept up over the last couple of months, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!
- Should I pay discount points for a lower interest rate?
In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.
- Cash to Close
Do you have what it takes?