Home    |    About Us    |    Contact Us    |   Privacy Policy  


Below, you'll find extensive information on leading mortgage rates articles and products to help you on your way to success.

The Online Mortgage Calculators Available
By Direct Traffic
Mortgages can certainly be confusing. The government has made lenders make interest rates and charges obvious in their adverts although when you want to know what the will cost you the APR rate doesnít really answer that question and is only really useful as an indicator, the lower the better.

There are many handy online calculators that will help you work out approximately how much you can borrow from a lender, how much it will cost you to borrow and what the repayments will be. These calculators are a good guide but will of course depend on individual circumstances such as credit history, job status and expenses.

How much you can borrow calculators take your income and if you have a partner theirs too, applying a formula to give you a figure that lenders would probably allow you to borrow. Different lenders will loan various amounts and use different multiples of income however you can expect it to be around three to four times for a single applicant and two and half to three for joint applications.

The other popular calculator

answers the question, how much will my monthly payments be? This one will normally allow you to input what you are looking to borrow, the interest rate applicable and over what period of time you want to borrow the money. This one is great if you see a low APR and want to know what the monthly costs will translate too. Helping you make the decision of whether you will be able to afford a house you have seen or will aid you if you know the price range of houses that you afford.

These are the two most common calculators however there are plenty others that cover other areas such as comparing interest rates, very useful just now to see the difference in repayments for a fixed rate and a variable rate mortgage. You may go for a home that means a large proportion of your income goes to paying the mortgage; it is useful to know how the payments would rise when interest rates climb back up to five, six per cent.

Have a search for an online calculator where you can see all the various calculators available that will help answer many of your questions.
Kim has 2 years experience in the finance industry. She Enjoys writing articles on different finance related topics and has extensive experience in Mortgages and how to find the best rates.

We strive to provide only quality articles, so if there is a specific topic related to mortgage that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our mortgage rates resources.

Mortgage Rate Trends Showing Signs Of Lower Overall Rates?
By Jesse W.
For the first two weeks of May mortgage rates have ticked up on a national average. The Freddie Mac weekly survey data showed that mortgage rates fell to 4.82% last week. This is not the lowest they Read more...

Researching Your Residential Mortgage
By Robert Foster
If you are moving to a new city or neighborhood, you may be looking to buy a house. In this case, you are probably trying to find the best deal on a Residential Mortgage. The difference between a Read more...
Mortgage Calculator
Mortgage Rates
Mortgage Payment Calculator
More Resources
Daily Mortgage Rates Going Higher?
By Jesse W.
Over the last two weeks we have seen mortgage rates tick upward almost .1%. While this may not seem like a big deal; it is if you have a loan with the value of $300,000 or more. Many home owners are Read more...
Florida Refinance Mortgage
By StevenCopper
Refinance Mortgage:Refinance Mortgage is an important and a helpful tool that helps an owner of a property in structuring a budget for future expenses and stabilizing the Read more...
Mortgage Rate
By ratetake
If you are planning to purchase or refinance a new home, it is ideal to study the past to future forecasts for mortgage rate trends. Before deciding to sign any loan contract you should be sure that Read more...
New Mortgage Approvals Are On The Increase
By Direct Traffic
This week the latest numbers for mortgages was revealed. Positive news for the number of new mortgages being issued as figures rose across the UK. This is of course good news as it shows lenders have Read more...
Mortgage Free? Not In This Life Time!
By Phil Strong
I had a conversation with my neighbor recently. And if I could paint you a picture for a minute, itís really funny.As usual, when people talk to me they usually talk about how Read more...



© 2019 Petua series on Mortgage . All Rights Reserved | Best Tips, Guidelines and Information from Petua.org