Are you considering buying a home? Mastering mortgage education is essential to becoming a savvy home buyer. With the right knowledge and understanding of the mortgage process, you can make informed decisions and secure the best financing options available. In this article, we will guide you through the steps of becoming a savvy home buyer. From understanding the different types of mortgages to calculating affordability and comparing interest rates, we will break down the complex jargon and provide you with clear, actionable information. Whether you are a first-time home buyer or looking to refinance your current mortgage, our goal is to empower you with the tools and knowledge necessary to navigate the mortgage market with confidence. Stay tuned as we explore industry best practices, dispel common myths, and share expert tips for securing a mortgage that aligns with your financial goals. It's time to take control of your home buying journey and become a savvy buyer. Let's dive in and start mastering mortgage education today.
Interested in seeing a loan amortization schedule? See how much principal or interest you might pay by scrolling down after you calculate your scenario. Interested in knowing when you will pay more principal than interest in your loan, then this calculator is for you.
Want to compare two loan scenarios such as a 30 year vs a 15 year mortgage? Or your current loan and paying extra towards your mortgage to accelerate your mortgage principal faster ? This calculator allows you to visually see your current loan scenario, and how paying extra to accelerate your mortgage will save you money.
This calculator allows you to use a general or your own loan scenario. You have the option to add ‘additional payments’ to your mortgage payment scenario to see how much interest you will save over the life of the loan if you were to maintain those payments...