Mortgage Calculator
Many types of mortgage loans are available to homebuyers. The mortgage loans cater to the individual needs of potential buyers. The first step is to contact a lender and give them information about your employment,
income and credit so that they may determine what loan program is right for you and what
amount you qualify for. Ask a real estate professional, Sylvia Collins, for in depth information regarding the mortgage loans available for you. Use the mortgage calculator below to estimate the monthly payments for a mortgage loan.
Q: What is the first step to getting pre-approved?
A: The first step is to contact a lender and give them information about your employment, income and credit so that they may determine what loan program is right for you and what amount you qualify for.
Q: What should I have ready when I apply for a loan?
A: Social Security Numbers, copies of bank statements, recent paycheck stubs, a list of your debts as well as your last 2 years W-2 forms.
Q: What if I am Self–Employed?
A: There are so many loan programs available for self-employed individuals with loan to values as high as 95%. Depending on your credit score the rates can be quite competitive.
Q: As a veteran am I guaranteed a loan?
A: No. You must still credit qualify and income qualify. VA just guarantees a portion of the loan if you qualify through a lender.
Q: What does 100% Financing mean?
A: That means that you are not required to put a down payment on a loan but you may still have some closing costs to pay depending on the loan program.
A: The first step is to contact a lender and give them information about your employment, income and credit so that they may determine what loan program is right for you and what amount you qualify for.
Q: What should I have ready when I apply for a loan?
A: Social Security Numbers, copies of bank statements, recent paycheck stubs, a list of your debts as well as your last 2 years W-2 forms.
Q: What if I am Self–Employed?
A: There are so many loan programs available for self-employed individuals with loan to values as high as 95%. Depending on your credit score the rates can be quite competitive.
Q: As a veteran am I guaranteed a loan?
A: No. You must still credit qualify and income qualify. VA just guarantees a portion of the loan if you qualify through a lender.
Q: What does 100% Financing mean?
A: That means that you are not required to put a down payment on a loan but you may still have some closing costs to pay depending on the loan program.
