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FIRST TIME BUYERS
Many home loan programs have been specifically created for first time home buyers. These loans feature low down payments and approval guidelines that make it easier to qualify. Some of the more popular first time homebuyer programs are listed hereafter: # What is a First Time Buyer Loan? # FHA and VA Loans for First Time Buyers # Who is Eligible for a 1st Time Buyer Loan? # Community Home Buyer Programs # What is Escrow? # Mortgage Credit Certificates Getting your first home is easy.
 FINANCIAL CALCULATORS
Provided below is a list of calculators to assist you with your financial matters: # Loan Calculator Quickly calculate the monthly payment, total amount of interest paid, total paid and cost of points for a fixed rate mortgage loan. # Refinancing Calculator Helps you determine if you will benefit by refinancing. # APR Calculator Find out how much your mortgage loan is really costing you. # Closing Costs Calculator Simultaneously compare four different loans and compute the closing costs required at closing for each of the mortgage loans. # Rent versus Buy Calculator Allows you to compare the costs of renting a residence versus buying a home. # Seller's Proceeds Calculator Calculate your new gain after your current mortgage(s) have been repayed and taxes, sales commissions and other closing costs. # Loan Spread Calculator Find out everything about your loan with this calculator. # Cashflows Calculator Determine the present value of an investment property's cash flows and sale proceeds for periods of up to 20 years. # Future Values of Savings Annuity calculator which determines future values. # Pay off or Invest Calculate the expected annual return on an investment to see if it is better to pay off or invest. # Loan Comparison Compare multiple loans quickly seeing the impact on interest rates and points on their monthly payments and total paid.  |
ADJUSTABLE RATE MORTGAGES (ARM)
Adjustable rate mortgages allow the interest rate on your home loan to fluctuate during its life.
When financial markets are unstable, adjustable rate mortgages can be risky for home owners because the rate can increase with little notice. On the other hand, this type of mortgage may allow you to purchase a more expensive home. |
