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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. For your convenience, several mortgage tools have been made available here on my website. Please also take advantage of the abundence of information available for rates, lenders, prequalifying, market snapshots, and a variety of financial calculators which can be found by clicking on the Mortgage 101 link on this page. I would also be happy to refer you to some very good mortgage contacts I have in the Charlotte area, or to help you in any other way I can to secure the best possible rate for your home purchase.
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Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
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.
Mortgage101.com is a leader in educating online consumers about the mortgage process and connecting them with the best rates, programs, and local mortgage companies.