Mortgage Information

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.

I would be happy to refer you to some very good mortgage contacts I have in Long Beach, or to help you in any other way I can to secure the best possible rate for your home purchase.

What is a Mortgage?
3 Easy Steps to Getting a Mortgage
How Much Can You Afford For a Home Loan?
10 Home Finance Mistakes You Can't Afford

 

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.

Mortgage Affordability Calculator

This calculator will help you estimate a home loan amount you can afford based on your income, debt, down payment, and other financial aspects.

Mortgage Income Calculator

This calculator will help you determine the income required to qualify for a specific loan using the specified qualification ratios.

Mortgage Upfront Cost Calculator

This calculator will help you estimate the upfront costs of a mortgage. The estimated amount excludes some fees, such as Appraisal, Application fees or fees for obtaining credit reports.

Mortgage Credit Grade Calculator
Self-evaluation of credit rating.