http://www.majorleaguemortgages.com/mortgage/mortgage-calculators.html Mortgage calculators allow you the chance to play around with the variables and make your loan a Major success. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 You have to love mortgage calculators You don't need mortgage calculators to tell you that this investment is the most important of your financial life. However, they can make your life a little easier by helping you break down all the factors that impact your home mortgage loan. Think about that. When you go looking for mortgage quotes from online lenders, rarely do you get the whole story. They'll give you some monthly payment amount, and expect you to take this on blind faith. Well, we feel you should understand the factors that come into play, and the best way to experiment with them in an interactive, hands-on fashion is with a mortgage calculator. Here are a few variables whose influence can be observed thanks to mortgage calculators... Your down payment amount. The more of your own money you put down to purchase a home up front, the less you have to borrow, and the less is subjected to interest. Maybe you don't need mortgage calculators to tell you that. But it's true. Another thing mortgage calculators can show you is the effect of credit and points. Your credit rating influences the interest rates that a lender will grant you, as will the number of points you qualify for. The single greatest factor in purchasing a home is interest rates. Even the change in mortgage rates of a fraction of a percentage point can make a huge difference. With a $200,000 mortgage, the amount of influence is staggering. Where to find mortgage calculators Sadly, not here. Repeat, there are absolutely no mortgage calculators up in here. This is not because we are opposed to these useful resources in any way. On the contrary, we are very big fans. We simply have budget constraints that prevent us from installing one or more mortgage calculators up on this piece until further notice. However, we are absolutely all about bringing you the latest information, resources and advice pertaining to all things home loans. That much, we can promise you. If you are serious about playing around with mortgage calculators right this minute, click on the many links you see on this page. They will redirect you to other pages on our site, and from there, you can find the sites of our affiliates. With ACTUAL calculators. Sat, 26 Jul 2008 15:00:00 EDT