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Basic Payment & Amortization
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Tell us the Loan Amount, Interest Rate, and Loan Term. We'll calculate your Monthly Principal & Interest
Payment, and also show you the Amortization schedule (how each payment affects the loan balance) over the duration
of the loan. |
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Early Payoff
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Your mortgage statement shows when your mortgage is scheduled to be paid off, but
maybe you're wondering what it would take to get it paid off sooner. We can show you what payment would be necessary
to pay your mortgage off in the desired number of years. |
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Effects of Additional Payments
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On your mortgage statement you always see a space for "Additional Payment", but you
may not know what, if any, benefit you could get from this. We can show you how making additional payments either
monthly, annually, or even once can possibly shorten the time until your mortgage is paid off. |
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Loan Amount/Rate Range
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You may not know how much you'll need to spend on a house, or exactly what rate
you'll get. Give us a range for the loan amount and the interest rate, and also the term of the loan, and we'll
produce a table that shows you the corresponding monthly payments. |
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Monthly vs Bi-Weekly
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Some mortgages are available with a Bi-Weekly payment option. We'll show you a
comparison between Monthly and Bi-Weekly to demonstrate the differences, and show you how much you could save
over time. |
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Renting vs Buying
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The news makes it sound like buying a home right now would be a terrible idea, but
would it really? Let's take a peek into the (possible) future and see how things might be different if you
decided to buy instead of continuing to rent! |