Links
Mortgage Bankers Association of America Consumer Information
The Mortgage Bankers Association of America is the preeminent association representing the real estate finance industry. Their consumer information site contains several tools and guides to aid in purchasing or refinancing a home.
Federal Reserve Board Consumer Information
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs.
Homebuyer Education by Freddie Mac
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Homebuyer Education by Freddie Mac
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Homebuyer Education by Freddie Mac
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
Calculators
Monthly Payment
Calculates your payment for different loan amounts, interest rates, and amortization terms.
Payment Schedule
Calculates the breakdown of principal and interest payments in a yearly or monthly format.
Extra Payment
Calculates how much you can save over the term of your loan by increasing your monthly payment.
How Much Can I Afford
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter.
How Much Can I Borrow
Calculates how much you can borrow based on your income, debts and desired loan terms.
Rent vs Own
Estimates the benefits of owning a home as opposed to renting.
Fixed Rate vs. ARM Calculator
Compares the difference between a fixed-rate and an adjustable-rate mortgage.
15-Year vs. 30-Year Mortgage Calculator
Compares the difference between a 15-year and a 30-year mortgage.
Refinance Interest Savings Calculator
Estimates the benefits of refinancing.
Interest Only Calculator
Calculates the monthly payment for an Interest Only loan.
