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Mortgages

Looking for a new mortgage? Or maybe you want to refinance? It can be stressful and confusing, but we've got the experts on hand to make it simple.

Key Mortgage Guides and Calculators

For many of us, getting a mortgage is the biggest financial undertaking we'll ever get. That being said, it's not too difficult to learn the ins and outs of home loans and find the best option for your needs. Below, you can find our essential mortgage guides to learn the ropes and key calculators to understand how much you can take on, how much you will pay, and for how long.

  • Mortgage Brokers
    Families thinking about buying a new home may have considered working with a mortgage broker. Many borrowers believe mortgage brokers can lend a helping hand when it comes to finding the best deal on a loan. But as we'll see, a mortgage broker may not always have the borrower's best interests in mind.
  • Refinancing a Mortgage
    Maybe you've overheard coworkers or friends talking about the great deal they got on a new mortgage, or perhaps a recent downward movement in interest rates has you wondering if it's the right time to refinance.
  • Best Mortgage Refinance Lenders of 2023
    We reviewed all the top mortgage refinance companies and narrowed it down to the best 10 best refinance lenders. Scored based on APRs, minimum credit scores, loans terms, and days to close, these are the best of the best home mortgage lenders in their respective categories.
  • Simple Monthly Mortgage Calculator
    You can use the simple monthly mortgage calculator to figure out your monthly mortgage payment. The results of the calculator also include the total of all payments and the interest paid over the life of the mortgage. This mortgage calculator only requires three inputs: total home loan amount, annual interest rate, and the term of the loan.
  • Adjustable Rate Mortgages
    There's a common misconception that adjustable rate mortgages are only for borrowers that can't afford a fixed rate mortgage. In fact, an adjustable rate mortgage, or ARM, can play an important role in the real estate market, especially to the savvy homeowner. In this article, we're going to first explain what consumers can expect to find in the adjustable rate mortgage marketplace. We're also going to explain some of the pros and cons of this type of loan. Then we'll finish up by providing some online tools that allow users to compare ARMs to more traditional mortgage offerings.
  • Mortgage Payoff Calculator
    Mortgage loan rates have soared since their lows in 2021. It used to be you could get a 30-year mortgage for less than 3%. Today, you're looking at 6% or more! If the rates keep rising, it starts making more and more sense to pay your mortgage off!
  • Maximum Mortgage Calculator
    You can use this maximum mortgage calculator to figure out how much money you can borrow; when thinking about buying a new home. The calculator provides the user with two maximum mortgage values, based on the most common measures that lenders use: The rules of 28 and 36.
  • Alt-A Loans
    There are prime loans, subprime loans, and somewhere in between is the Alt-A loan. This type of mortgage is considered riskier than an A-paper loan (prime), but not quite as risky as a subprime loan; which is generally considered the riskiest type of mortgage a lender can write.
  • Reverse Mortgages
    Retirees that want to enjoy a richer lifestyle should give serious thought to tapping into their home's equity using a reverse mortgage. For many Americans, the single most valuable asset they own is their home, and reverse mortgages allow seniors to generate a steady stream of income. In this article, we're going to help answer the question: What is a reverse mortgage? We're also going to explain how these loans work, and discuss the different offerings on the market today. Finally, we're going to finish up with some information on how they're calculated, their income tax treatment, and the costs...

Mortagage Calculators

Want to dive into the numbers further to get more perspective? We have a diverse set of mortgage calculators – learn how much tax you will be paying, your biweekly payments on your loan, whether you qualify for HELOC, and much more here.

Mortgage Calculators
We have over twenty different online mortgage calculators for you to choose from. We've taken our calculators and placed them into categories that follow you from the basics of comparing mortgages, to calculations you might want to perform on an existing mortgage, through specialty mortgages. Our calculators can also help individuals having trouble making their monthly mortgage payments.
October 4th, 2023
Free Mortgage Payoff Calculator - How Fast Could You Pay Off YOUR Mortgage??
You paid off your credit cards, student loans, your car. You saved up a solid emergency fund and now you're investing 15% for your retirement. Holy crap, you're rocking it!!
April 17th, 2024
Balloon Mortgage Calculator
A balloon mortgage may be a good option for many potential homeowners. The term of a balloon mortgage is usually rather short, from 1 to 10 years. The payments for this type of mortgage, however, are based on a term of 30 years. Balloon mortgages often carry a lower interest rate, and are often easier to qualify for than a traditional 30 year fixed rate mortgage. This benefit comes with a risk. At the end of the balloon's term, you need to pay off the outstanding balance of the loan.
October 4th, 2023
Blended Rate Mortgage Calculator
With the growing popularity of second mortgages to finance home improvements, we're offering you the chance to use our blended rate mortgage calculator to figure out the blended interest rate on a combined financing arrangement. The calculator not only provides the blended interest rate, but the monthly payment amount for each loan, and the blended mortgage payment.
October 4th, 2023
HELOC Calculator
This HELOC calculator helps you to understand the payment patterns associated with a home equity line of credit. The calculator begins by asking the user to supply variables such as the current HELOC balance, interest rate on the loan, draw and repayment periods. Using this information, the calculator then provides values that include the monthly payment, ending loan balance, as well as the repayment amount.
October 4th, 2023
Interest Only Mortgage Calculator
You can use this interest-only mortgage calculator to figure out your monthly payments if you decide to take out an interest-only loan. With an interest-only mortgage, you only pay interest charges. The principal, or balance, of the loan is never reduced. This keeps your monthly payments low, but increases the total interest charges over the life of the mortgage.
October 4th, 2023
Mortgage Amortization Table
You can use this mortgage amortization table calculator to determine your monthly mortgage payments, and the remaining loan balance at the end of each year through the creation of an amortization table for the loan. This calculator only requires three inputs: the total home loan amount, the annual interest rate, and the length of the loan.
October 4th, 2023
Mortgage APR Calculator
You can use this mortgage APR calculator to estimate the effective annual interest rate on a loan. The calculator uses the quoted annual interest rate, in combination with the fees charged, to figure out an effective monthly payment on the loan. Based on that new payment, the APR on the mortgage can be determined.
October 4th, 2023
Mortgage Comparison Calculator
You can use this mortgage comparison calculator to evaluate the differences between the monthly payments, total payments and total interest charges for 15, 20 and 30 year mortgages. The calculator only requires two types of inputs: The total home loan amount that is borrowed and the interest rate charged for each mortgage term.
October 4th, 2023
Mortgage Cost Calculator
You can use this mortgage cost calculator to estimate the cost of the loan in terms of fees and points paid. This calculator leverages the fact the annual percentage rate, or APR, for a loan is determined using all out-of-pocket costs associated with the mortgage. The closer the quoted interest rate is to the APR, the lower the fees and other upfront costs such as points.
October 4th, 2023
Mortgage Points Calculator
You can use this mortgage points calculator to compare a loan with no points versus a loan where you are paying points. The calculator figures out how much you will save off your monthly mortgage by paying points, and how many months it will take to recover the points paid.
October 4th, 2023
Mortgage Qualifier
You can use this calculator to figure out how much money you need to make to qualify for a mortgage. The calculator provides the user with two annual income values, based on the most common measures that lenders use: The rules of 28 and 36.
October 4th, 2023
Mortgage Tax Deduction Calculator
One of the nice things about a mortgage is the interest charges are deductible from your federal income taxes. If you want to know just how much you can deduct, then try our mortgage tax deduction calculator. It provides you with the total interest charges / tax deductions as well as the tax benefit over the life of a mortgage. The calculator also provides an amortization table, which provides the tax deduction by year.
October 4th, 2023
Option ARM Calculator
This option ARM calculator provides you with a feel for the alternative payment arrangements this type of mortgage has to offer the home buyer. An option ARM is a mortgage where the borrower has the option of making a minimum payment, an interest-only payment, or a fully amortizing payment.
October 4th, 2023
Payoff Mortgage Early Calculator
You're out of consumer debt, you've got your emergency fund, you're investing for your retirement, and now you're finally ready to tackle the behemoth - the mother of all debts...the house! Congrats!
April 17th, 2024

Buying a Home: Key Guides

While the biggest cost of buying a home is the home loan, there are many other expenses you should account for – and many more things to know. We have a far-reaching catalog to help you out with your home purchases, covering everything from tips for first-time buyers to how to negotiate prices when selling your old home.

  • Buying a Home
    The renewed faith in the American economy and housing market that came to a screeching halt in 2019 picked up again 2020, resulting in an increase in the selling price of homes over the past year.
  • How to Buy a Home
    According to data published by the Census Bureau, nearly five million homes are sold each year in the United States. For many Americans, buying a home is the single largest investment they will make in their life. It's a decision that affects personal finances as well as lifestyle.
  • First Time Home Buyer Loans
    Information concerning low cost first time home buyer loans is available through state and federal agencies in cooperation with private lenders. To speed up the process, these government agencies have preapproved lenders to work with home buyers.
  • Buying a Home with Bad Credit
    There are a number of reasons why someone might wind up with bad credit; people make mistakes. They stretch too far when it comes to financial commitments, or experience an unfortunate run of bad luck such as losing a job. Regardless of the reason, many of these same individuals often wonder to themselves: Is buying a home with bad credit possible?
  • First Time Home Buyer: Affordable Homes
    Buying a home is an important decision and it's a difficult one too; especially for first-time home buyers. A new home is a big investment, and the choice is oftentimes one that lasts for years.
  • Buying a Second Home
    Work hard, play hard; we've all heard that expression. More than ever before, people are buying a second home along coastal towns and resort communities.
  • Rent versus Buy a Home Calculator
    If you've been thinking about buying a home, but you're not sure if you'll benefit over the long haul, then try our rent versus buy a home calculator. This free tool not only allows you to compare your monthly payments for renting, or buying, but offers additional analytics. The calculator provides an estimate of the home's future value, as well as the tax savings you'll realize when buying a home.
  • How Much Money Do I Need to Buy a House in 2024? (+ Tips on How to Save for a House)
    Buying your first home— Ah, the quintessential American dream! How to start saving for a house?
  • Home Inspections
    Before buying a home, it's always a good idea to have it inspected by a professional. In fact, if planning to borrow money to help pay for this home, it is very likely the mortgage company, or lender, will require a home inspection. Inspectors can often uncover existing problems with a home that are not immediately apparent to a potential buyer. In addition, most offers made by buyers on a home are usually subject to change based on the information contained in the inspector's report.

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