Mortgage Loan Calculator

Tracy Said:

How to use a mortgage calculator?

We Answered:

Don't use a mortgage calculator and don't listen to people on YA, go see a lender and get qualified by a professional that knows what they are doing.


Edit:
Using 3 times your income to determine your eligibility is ridiculous. It does not work. A person that makes $12,000 / year cannot qualify for a $36,000 house and a person that makes $250,000/ year can qualify for more than a $750,000 house. Someone who makes $1000 a month and has 50% of their in some used on a mortgage has $500 left and that's unlivable. A person that makes $20,000 a month and uses 50% of their income has $10,000 a month, that's a big difference!

As I said, speak to a loan officer who knows what they are doing.

Willie Said:

Mortgage Calculator?

We Answered:

Input your data to calculate your mortgage in Malaysian context.

Marion Said:

with a standard calculator how do i work out capital & interest payments on mortgage/loan?

We Answered:

Using a 'good' calculator available at many web sites. Ensure that it also calculates the amortisation table too; this gives you the relationship between capital and interest for each year of your loan.

Debra Said:

I need an excel mortgage calculator for doing 80/10/10 loans. Does anyone know where I can download 1 4 free?

We Answered:

How on earth can you accurately calculate a mortgage note for someone? Can you pull there credit? If you know there score what rate can you give them? Who do you know that can give that rate? What term will you go? Whats the best rate for there term? You sound like a Realtor giving a payment? I don't mean to fuss at you,but if you contact a mortgage broker he can at least give you a better idea of what a true payment will be.

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