Real Estate Search Direct

Shopping for a mortgage can be confusing, especially for first time home buyers.  There are so many unfamiliar terms and even the basic concepts of a mortgage that aren’t commonly used in your life before buying a home.

If you want to be sure you are getting the right mortgage, you need to understand all the terms and conditions of the contract.  If you are unfamiliar with mortgages, you should start by learning how your mortgage payment will be calculated.  Amortizations spreadsheets are a great tool for this purpose.

You may be wondering, “How can amortization spreadsheets help you understand your mortgage options?
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Comments (1) May 20 2009

Are you familiar with amortization spreadsheets?

Ivana Newhouse knew nothing about them.  In fact, she had never even heard of an amortization spreadsheet.

Ivana didn’t understand how much difference the interest rate can make in the affordability of a home.  She wasn’t sure why her fiancé, Homer, insisted it was such a perfect time to buy a house.

Ivana thought that housing prices would continue to decrease as the country headed deeper into recession.  She wanted to wait until real estate prices bottomed out. Wouldn’t that be better?

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Comments (4) Mar 16 2009