In today's tight market, it is critical to present a package to the seller when you make your offer that proves you are qualified to purchase the home. Your prequalification letter is a critical piece to getting your offer accepted by the seller. It communicates to the seller that you will be able to close on the home on time.
Your home is a large investment, and the mortgage rate and financing options on your loan can make a big difference in how quickly you build equity. I will be happy to talk to you about how building equity is the best way for many families to build wealth that can last for generations.
I am happy to recommend mortgage brokers who can help you look at different types of loans and find the ones which best meet your financial objectives.
Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.