However, there are some things that even you cannot predict or calculate on your own. This is especially true when it comes to fluctuation in mortgage rates, sudden economic downturns or change of circumstances due to loss of job, health issue, or divorce, etc. In any of these cases, the first thing that goes out of your control is mortgage payments and consequently your home.
Now, we understand that under such circumstances affording a financial expert can be a bit unpractical. Therefore, we have incorporated their knowledge and expertise in online calculators that can help you take better decisions regarding your home and mortgages. Using these calculators, you will see how small calculations can help you save hundreds of dollars and, of course, your house.
For homeowners in distress, refinance is one of the best options to get the finances back on track without losing the house. However, it all depends on how much interest can be saved by opting for a refinance plan available for you. Without proper calculation and analyses, you might not be able to get much benefit from your refinancing decision. Use this refinancing interest savings calculator to make sure the decision does yield enough value for you.
The bi-weekly mortgage payment plan is an easier way to save thousands of dollars on your overall mortgage. With this plan, your total annual payments will be 13 instead of 12. It is a highly suitable plan for people who want to increase their savings in the long-term. However, it is important to calculate bi weekly payments mortgage, how much you will save just to ensure that you will get the value for accelerated payments. See how much money you would save switching to a biweekly mortgage using a mortgage calculator for bi monthly payments
The type of mortgage you choose makes a considerable difference on your total payment and affordability in the long run. While two of the most common mortgage types are ARM and Fixed, it is hard to tell which one will be more appropriate for you. If you can’t get a professional opinion in this aspect, better use this ARM vs. Fixed Rate Mortgage calculator to accurately analyze and compare your options yourself.
Also See: Other Most Popular Financial Calculators Online
This Mortgage qualifier calculator should be the first one on our list and also on the list of homebuyers. It is not as much of a solution for your distress as it is more suitable a preventive tool. Mortgage qualifier helps you calculate exactly how much you can afford to borrow. It helps prospective homebuyers determine their budget so that they do not opt for a property they won’t be able to afford later on.
Use these free mortgage calculators online and live your dream of owning a house without any glitches.