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What if the Interest Rate Goes Up?

by Sara Driscoll November 21, 2011 Financial

How Much is the Mortgage Payment Affected by a Higher Interest Rate?

This calculates how much a house payment could increase when interest rates rise. This analysis assumes that a borrower can qualify for a higher monthly payment. If the borrower cannot qualify for a higher payment, the form …

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Amortization Schedule

by Sara Driscoll November 21, 2011 Financial

Amortization Schedule

Calculate payments by entering loan amount,  interest rate, and term of loan. You can easily see how the payment is affected by changing any of the variables.

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Will Points Make a Difference?

by Sara Driscoll November 21, 2011 Financial

Compare Loan Products Using Points

Choosing between two loans with different interest rates can be difficult when there are other factors such as a different number of points. This calculation develops a yield based on rate, points, and holding period to indicate which loan will have lower …

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Adjustable Rate Loans are Bad … Aren’t They?

by Sara Driscoll November 20, 2011 Financial

ARM vs Fixed Rate

Not so fast! Part of what you expect and deserve from a good loan officer is advice on which loan programs will be the most cost effective for your personal circumstances. What if you know you’ll be transferred in three years? A …

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