What is a Mortgage Calculator Good For?
Mortgage calculators can remove much of the guess-work of applying for a mortgage. Playing around with your numbers on our calculators will help you gain an idea of how much you could borrow. This is a great starting point while youre researching your home loan options. Now you can use a mortgage calculator online to figure out what you can afford, what your payments might be and what they could change to be if your interest rate changed. You can even calculate how any extra payments you make could save you thousands of dollars in interest charges. By visiting a mortgage broker site, you can usually gain access to many different types of mortgage calculators, but always remember that banks and lenders have vastly different policies and criteria. This means any figures you see on each mortgage calculator are just estimates. The best way to find out for certain what you can and cant do is to contact your mortgage broker online or call and ask!
