How Much Home Can You Afford Right Now??
So … How much home do you want to own?
Use this calculator to help you decide and then contact us today to help you find that home you want!
>>> View The Orlando Area MLS Right Here
* Calculator results open in a new window – click on the words “Output parameters” to include an Amortization Schedule for your results – play around – have fun!
WHAT IS A MORTGAGE ANYWAYS?
The term “Mortgage” gets used with Loan so much that people believe that they are one and the same object. The loan that the bank gives you may or may not be secured with a mortgage. There are loans available that do not require the security, the collateral. A “Mortgage” is the collateral for the loan. Banks do not GIVE a mortgage to the borrower … it is exactly the opposite … the Borrower GIVES the bank a Mortgage for the loan at 123 Main St.
This is important to understand when buying a home. Once the security for the money is no longer necessary, in most cases, the mortgage dies. Knowing this … and knowing what payments would roughly be using the calculator and other information here … the question is do you want to buy as much house as you can … or buy enough that you can deaden the mortgage in a shorter period of time!
CONTACT US TODAY FOR HELP BUYING YOUR NEXT HOME!
CLICK HERE NOW
Big shout out to MortgageCalculator.org for the awesome tool set they provide for websites like ours.
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