My name is Ella Gurfinkel. I want to thank you for taking the time to visit my website. Inside you'll find plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage. I am a Sr Loan Officer serving the Portland metro area. Purchasing a home is most likely the largest financial transaction of your life.
Unfortunately, some people enter into this transaction blindly and make mistakes that can be very costly in both time and money. Although sharing these secrets may not make me popular with the other Oregon and Oregon mortgage lenders, I am more concerned that you have all the information you need to make an informed decision when shopping for a mortgage.
Unfortunately, some people enter into this transaction blindly and make mistakes that can be very costly in both time and money. Although sharing these secrets may not make me popular with the other Oregon and Oregon mortgage lenders, I am more concerned that you have all the information you need to make an informed decision when shopping for a mortgage.
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How much you can borrow from a lender? Use this calculator to calculate the amount you can afford from the lender's point of view. Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home. To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making.
Calculate your monthly payment with applicable financial charges, PMI, hazard insurance, and property taxes. As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment.
Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home. If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent.
Deciding whether or not you should refinance your home mortgage depends upon several factors. It also depends upon whether you are looking to simply reduce your monthly payment or if you are hoping to save money in the long run. Summing up these numbers, we can figure out your total refinancing LOSSES, which will be $174.68.
This calculator will compute your Total Monthly Mortgage Payment. Your monthly payment will include principal and interest and an escrow account for property taxes and homeowners insurance. This is also known as PITI. These figures will be based on the term of your loan (amortization) and the amount of money you use for a down payment which is known as the loan to value (LTV).
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