When beginning your home search, it is key to determine how much the total mortgage will be and what the monthly payments will be. Below is information to help you determine what the total will be or the payments as well as the interest rates:
Mortgage Calculator
The mortgage calculator below are a tool to help assist you in determining how much you are comfortable spending on your dream home. The calculator will give a home price that you should be qualified for based on what you would like your monthly payment to be, your income, current debts, and what you estimate your down payment to be. This is merely a tool to help you get an idea of what you can afford. The next step is to get a pre-approval letter from a mortgage company. If you need more information on what you need to do in the early stages of your home search click here or email Sherry for more information.
Mortgage Interest Rates
Below is a link to current interest rates is according to Zillow. If you want to know what interest rate you will qualify for, contact one of the many mortgage companies that Sherry has had the privilege of working with here.
If you need additional assistance in determining how much you should plan on spending on a new home or any other information on buying or selling a home, contact Sherry.
