Mortgage Calculators You Can Use Today
September 26 2017
Ready to buy a home or refinance the one you already own? Wondering how much house you can afford or if it really is cheaper to buy than rent? There is a lot to think about when it comes to mortgages, and it can be hard to know where to start. Blueleaf is here to help. We have numerous useful calculators to make the homebuying or refinancing process a little easier.
Renting vs. Buying
If you're currently renting and considering taking the plunge into homeownership, there are various factors to consider. You should know how it will affect your taxes, understand what it means to have your home build equity and be aware of all the "extra" costs such as maintenance and homeowners association fees. Our rent vs. buy calculator looks at all of these elements to help you determine if it's better to buy or rent.
If you do decide to buy a home, determining how much you can afford is the first step in the process. That's where our mortgage qualifier calculator comes in handy. It's important to remember, however, that knowing the loan amount you might qualify for is different than being preapproved for a mortgage.
If you already own your home, maybe it's time to take another look at your mortgage. Did you buy when interest rates were higher? If so, you could save thousands of dollars in interest over the life of your loan if you refinance with a lower-rate mortgage. Use our refinance interest savings calculator to get a sneak peek at the money you could be saving each month.
No matter where you are in the homebuying process, Blueleaf has the tools to help you make the important decisions. Reach out to us today!