Do You Have a Mortgage Payment Calculator?
Posted: under Financing.
Tags: Allen Davis, mortgage payment calculator, Realestatesearchdirect.com, Technorati
Do you have a mortgage payment calculator?
Ivana Newhouse was trying to create a budget based on the payments they would be making once she and her fiancé, Homer Buyer, bought their new home. She knew the monthly payment she could afford. She figured they could pay $2100 per month and stay within their budget.
The mortgage broker told Ivana that they were pre-approved for a mortgage of $448,000 with a monthly payment of $2350.00. This didn’t fit into Ivana’s budget.
Ivana wanted to figure out how much they could afford to offer on a house to have a monthly payment of $2100. She needed a mortgage payment calculator.
Ivana searched online and found a mortgage payment calculator at RealEstateSearchDirect.com. She was able to plug in the numbers and see what her payment would be with various purchase price, down payment and interest rates.
Of course this would not have been of much use before Ivana had calculated her budget. If you need help creating a budget, try Moneytree budget software. It walks you through creating a budget, setting financial goals and tracking expenses step by step.
Allen Davis
RealEstateSearchDirect.com
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Mar 26 2009
