Search results for “Calculate Mortgage Payment”
15 Mortgage Terms You Need to Know
1. AmortizationAmortization describes the shrinking of your mortgage as you pay it off. With each mortgage payment you make, part of the repayment is applied towards reducing the principal, while a se...
Buying a House: Learn About What Goes Into Mortgage Payments
Here’s How to Calculate Your Mortgage Payment While there are many costs associated with owning a home, let’s start with what exactly makes up a large portion of the cost – your mortgage payment. A...
What is PMI? The idea of owning a home for the first time is an exhilarating prospect for many people. Factor in the excitement of having found a dream home or needing to make a move in a hurry for a...
How Important is Credit in the Mortgage Application Process?
Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...
How Does Mortgage Interest Work?
Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...
Why Use a Mortgage Calculator?
What information do I need to use a mortgage calculator? Using a mortgage calculator isn’t all that complicated or info-heavy, you’ll just need a few pieces of basic info to get the pieces you’re look...
How Your Mortgage Rate is Calculated (and What You Can Do About It)
Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...
4 Essentials to Smart Mortgage Decisions
Homeownership is a dream for many Americans, but most don’t know where to start or are crippled by fears that they’re not prepared. Getting the right mortgage for you is a big part of the homebuying p...
What is the Average Down Payment for a House?
Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...