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Mortgage Calculator: Simple calculator for repayment & interest only mortgages, monthly mortgage calculator.#Monthly #mortgage #calculator


Ultimate Mortgage Calculator New!

8 calculators to compare mortgages, from ditching your fix to saving for a deposit

Monthly mortgage calculator

Basic mortgage calculator

Shows the cost per month and the total cost over the life of the mortgage, including fees interest.

Total you’ll repay over full term

Could you get a cheaper rate?

Use the MSE’s Mortgage Best Buys Comparison to find the best deal for you.

Your mortgage debt over time

Your remaining debt

(assuming your interest rate stays the same)

The nerdy bit see how the debt is gradually paid off

In the first few years of the mortgage, you’re paying proportionally more interest, so the debt only reduces slowly, as the table above shows. However, making overpayments can eat into the debt and massively reduce the amount you repay in total as it means less interest overall (always check there aren’t overpayment penalties beforehand).

IMPORTANT! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It’s important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Assumptions

In order to create these results, we have had to make a few assumptions:

  • 1) Interest is charged monthly.
  • 2) Interest rate stays the same over the term.
  • 3) If you selected ‘Interest only’, we assume your standard monthly payment doesn’t decrease even if you pay off some of the balance.

Martin’s FREE Printed Mortgage Help Booklets

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
  • We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code.

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Mortgage calculators#Mortgage #calculators


MORTGAGE CALCULATORS

Mortgage Calculators

Mortgage Payment Calculator

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher.

Estimate your cost

Mortgage Payment Calculator

For Closing Cost Calculator Please Click Here

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing. The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

It looks like there are some unique circumstances in your financial picture. Call your PenFed representative today to discuss your options.

When you re buying a home, mortgage lenders don t look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain. The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Start the process now

Questions or Comments?

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Mortgage calculators

Mortgage calculators

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Mortgage calculators

Mortgage calculators

Mortgage calculators


Mortgage Calculators, Mortgage Calculator Canada, free mortgage calculator.#Free #mortgage #calculator


Mortgage Calculator Canada

Make informed decisions about your next home purchase by using our simple mortgage calculators. It’s easy!

Calculate Your Payments with Today’s Rates

  • 1 Yr Fixed – 2.69% – Try this rate
  • 2 Yr Fixed – 2.79% – Try this rate
  • 3 Yr Fixed – 2.48% – Try this rate
  • 4 Yr Fixed – 2.89% – Try this rate
  • 5 Yr Fixed – 2.74% – Try this rate

Rates last updated on 16/11/2017

The Best Mortgage Rates in Canada

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CanWise Financial

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Meridian Credit Union

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Butler Mortgage

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CanWise Financial

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Street Capital

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Financial Calculators

Mortgage Payment Calculator

Calculate monthly mortgage payments with our handy mortgage payment calculator.

Rent vs Buy Analysis

Tired of paying rent? Ready to purchase a home? Our Rent vs Buy calculator can help you determine the decision that’s right for you by evaluation and comparing both situations.

Maximum Mortgage Calculator

Determine the maximum mortgage you can qualify for with our simple maximum mortgage calculator resource.

Mortgage Variable Isolator

See what kind of effects different financial and mortgage factors can have on a single, isolated variable.

Mortgage Principal Calculator

It’s good to understand how your future looks like. Using this tool, you can determine the remaining balance of your mortgage after several of your regular mortgage payments.

Mortgage Length Calculator

What would your overall savings look like if you shortened the length of your mortgage by making larger payments? Take a look with our Mortgage Length Calculator.

Loan Comparison Calculator

Compare and contrast your different loan options and figure out which one is the better deal.

Additional Payments Calculator

By putting more money towards you mortgage payments, you will see your mortgage reduced. Use this to calculate how mortgage prepayments affect your overall mortgage.

Interest Only Calculator

Want to see how interest only payments look like? Then use this calculator and evaluate the results.

Payment per Thousand Financed Calculator

You borrow money for a mortgage loan, but how much are you actually paying for every $1000 of your loan? Determine that here.

Interest only with Additional Payments Calculator

Interest only payments can be the cause of a great reduction in your mortgage payments, what what if you made additional payments (towards your principal)? Determine how much you can save with this tool.

From the blog.

When you find yourself in seemingly insurmountable debt, working on building your credit score and saving money at the same time can seem like an impossible feat. As you struggle to climb to the top of the mountain of bills, it seems like a never-endin.

Another year is here and so are the many resolutions that accompany the New Year trends. We all know that nine out of 10 times resolutions are not kept and so we end up with broken promises and a series of disappointments. When resolutions are too high.

While several items in Canada remain to have low interest rates, one sector is on the rise. Homeowners can expect to see a rise in mortgage interest rates later in 2013. For quite some time, interest rates were staying right around 2.99% for qualified .

MortgageCalculatorCanada.com aims to provide its users with the best mortgage tools and calculator resources on the web. We are proud to offer our customers with a complete set of mortgage analysis resources to assist them in preparing their financial futures. We recognize and value the importance of home loans and the significance such transactions can have on one’s life. We hope that our extensive set of resources and information will help you in your search for a home mortgage and a better future. Our tools take your income, budget, loan amount and payment period into consideration to provide you with personalized solutions for your mortgage.

If you require any assistance or explanations of any of our tools, or if you’re ready to make the next move and obtain a mortgage for a home, do not hesitate to contact us. An experienced mortgage professional is ready to assist you with all of your needs.

Canadian Mortgages: Learn the Basics

Purchasing a home in Canada can be a complicated process, but it doesn’t have to be. Mortgage Calculator Canada recognizes and understands the difficulties homebuyers face. The information below, in conjunction with our mortgage calculator tools, will facilitate the process of understanding and applying for your mortgage.

Variable Rates vs Fixed Rates

The first thing you need to know about mortgages and mortgage interest rates is the difference between a variable mortgage rate and a fixed mortgage rate. A fixed mortgage rate stay constant (unchanged) through the term length of a mortgage. A variable rate fluctuates over time. As the prime rate (set by the Bank of Canada) changes, the variable rate will change with it. When the prime rate rises, a larger portion of your mortgage payment will go to interest and when the prime rate falls, a larger portion of your mortgage payment will go to principal.

Mortgage Down Payment

A mortgage down payment is a sum of money that is collected to put down towards the purchase of a new home. It is not required in all cases, however, in the case that it is, there is a minimum. How can a down payment affect your mortgage? Well, if you do provide a down payment, it is used to calculate the maximum price of a home you can afford, it is used to calculate the size of your mortgage and the mortgage payments, as well as the amount of CMHC insurance you have to pay. To qualify for a mortgage with no down payment, you need a credit score of at least 680.

Open Mortgage, Closed Mortgage – What’s the difference?

An open mortgage is a mortgage that can be paid out at any time without financial penalties. You are also able to make additional mortgage payments with no financial penalties. Typically, open mortgage terms range from 6 months to 1 year and can have either fixed or variable mortgage interest rates. On the other hand, closed mortgages have lower interest rates than open mortgages. Closed mortgage terms can range from 6 months to 10 or more years. You are not able to pay out a closed mortgage early with no penalty although with most lenders you are still allowed to pre-pay up to 20% of your original principle balance every year.


Car Loan Calculator: Monthly Automobile Repayment Calculator, car mortgage calculator.#Car #mortgage #calculator


Auto Loan Calculator

This calculator computes monthly automotive loan payments.

Current Car Loan Rates

The First Necessary Step in the Car Buying Process

Whether you buy new or used, it’s wise to get pre-approved for a loan before you ever step on a car lot. Go to your bank or credit union and ask the agent if you qualify for a loan and how much. The agent will check your FICO credit score and other obligations and provide you with an amount and interest rate. A FICO score can be between 300 and 850. The higher the score the lower the interest rate you will be offered. People with a bad credit history may pay interest rates that are more than double prime rates. You can also shop for auto loans online if you aren’t concerned about where your personal information goes. Armed with a pre-approved loan you are now in control and have a choice to go with dealer financing or stick with your bank, whichever rate is lower.

How to Get the Best Deal

Got new car fever? Well, first, you need to do a little homework. With the internet, the mystery of the automobile buying process has been unveiled and you can be a well-informed buyer ready to negotiate for the best price. First of all, go to ConsumerReports.org to check out vehicle reliability. You may be eying that shiny red sports car, but if its review states that this manufacturer has a history of poor performance or something like electrical issues, you may want to reconsider.

Test drive the vehicle you have in mind, but renting one from a car rental company for a couple days is the ultimate test.

The Internet has Changed Automotive Shopping

After you have determined the car you want to buy, go to Edmunds.com to find the invoice price. Do not shop without this information in hand. It’s your leverage in the negotiating process. If you don’t have this piece of information, the dealer will work from the MSRP which is a much higher price. Consider MSRP as retail price and invoice price as dealer cost. Never pay higher than invoice price. And don’t worry, the dealer still makes a profit. There is something called holdback which the manufacturer gives the dealer for each vehicle. It’s usually 2-3 % which they receive quarterly. At times the manufacturer also offers dealer incentives for specific models.

You can shop online and get instant automobile quotes at sites like CarsDirect and TrueCar. If you are not comfortable buying online you can always use their quotes to see if the traditional dealer will match the price.

If you have looked ahead and planned your purchase, note that some times of the year are better than others to buy a car. Salesmen work on commission and have monthly, quarterly and yearly goals to meet. So buying at the end of one of these periods can save you money, especially if the salesman hasn’t hit his quota.

If you have made a decision on the exact vehicle you want, visiting the dealership late in the day may work to your advantage because everyone is eager to go home. Aside from the information we provide here, you may want to read some personal stories of sale negotiations to better visualize and prepare yourself:

  • How to Negotiate for a Used Car The Art of Manliness
  • The Four-Square Technique that Dealers Use, and How to Beat It The Consumerist
  • One guy’s trade-in value dispute with a dealership after using TrueCar also from The Consumerist

Understanding 0% Financing vs. Factory Rebate

Many times dealerships will offer a choice of 0% financing or a factory rebate. How do you know which is better? Figure out the interest you would pay for the life of the loan if you financed with your bank. If the interest is more than the rebate, then take the 0% financing. For instance, using our loan calculator, if you buy a $20,000 vehicle at 5% APR for 60 months the monthly payment would be $377.42 and you would pay $2,645.48 in interest. If the rebate is $1,000 it would be to your advantage to take the 0% financing because the $1,000 rebate is less than the $2,645.48 you would save in interest. Be aware though, that unless you have a good credit rating, you may not qualify for the 0% financing and this option may only be offered on selected models. People with poor credit are a major source of profits because they can be charged far higher interest rates. Some buy here, pay here dealerships specifically focus on subprime borrowers.

Some Used Cars Are a Real Bargain

Before you take the plunge of buying a new car, consider a used one. Frugal shoppers know that new cars depreciate as soon as they are driven off the lot, and in fact lose on average 15-25% of its value each year the first five years. Buying one that’s a couple years old can still provide you with a reliable vehicle for thousands less while letting someone else take the depreciation hit. If you trade in every few years then depreciation is something to consider, so look for vehicles that traditionally hold their value such as Honda, Toyota or Lexus. If you keep your automobile until it falls apart, then depreciation is not a concern for you. New models for the upcoming year usually arrive late summer or early fall. Although selection may be limited, this is a great time to consider buying last year’s model because the dealer will need to make room for the new ones.

Check the used car history by the VIN# on sites like Carfax or Autocheck. This will help eliminate anything that looks questionable. Anything that says it’s a salvage should raise a red flag . Salvage vehicles are those in accidents that the insurance company has determined repair costs are more than it is worth. Some shops will try to repair them and sale them at a steep discount. These are given salvage titles. Unless you are mechanically savvy, it’s best to avoid these. On the other hand, something called a program car is usually an exceptional bargain. A program car is a one that was driven on company business by a manufacturer employee. They are driven very little and are well maintained. They usually have 10,000 miles or less on the odometer. Dealers pay low prices for them and are not shy to advertise them. They usually still have factory warranties. Still not convinced to buy used? Then consider insurance costs on a used car will typically be significantly less expensive than on a new one.

There’s More to a Loan than a Monthly Payment

Car mortgage calculatorWhen it comes to borrowing money, a wise shopper looks at the total cost of the loan, and not just at the monthly payment. Too many advertisements state only the monthly payment. You need to dig deeper to see the real story. In general, a lower interest rate will cost you less money. A $20,000 loan at 5% for 60 months (5 years) will cost you a total of $22,645.48, whereas the same loan at 3% will cost you $21,562.43. That’s a savings of $1,083.05.

That same wise shopper will look not only at the interest rate but also the length of the loan. The longer you stretch out the payments, the more expensive the loan will be. Let’s take that same $20,000 loan above at 5% at 5 years and see how much we can save by paying it off in 3 years. So, $20,000 at 5% for 36 months will cost $21,579.05 saving you $1,066.43. Using the calculator above (assuming $0 down payment, $0 trade-in and 1% sales tax) you will see that the monthly payment for the 5 year loan is $377.42 and the monthly payment for the 3 year loan is $599.42. If you can easily handle the higher payment the savings are well worth it.

If your credit drastically improves your initial loan was at a higher interest rate, it may be worth looking into refinancing at a lower rate.

What To Do with Your Trade-In

Although it’s convenient to trade in your old vehicle to the dealer at the time of purchasing another, it’s not to your best advantage. You are likely to get the least value from the dealer, as they have to move it yet again and need to ensure a safe profit margin on selling it. They do not have to take your old automobile, and will offer you what will make them the highest profit. Some dealerships may offer artificially high trade in values, but only offer them in association with a higher price on the vehicle they sell you.

The better option is to sell it privately. It seems even government agencies are freely giving out this advice; from the Arizona Attorney General to the FTC. Don’t underestimate the value of your old car. Go to Kelly Blue Book online to do your valuation research. If you can sell it, even for a small amount, it’s extra bargaining power for your new vehicle.

Another option with your old automobile is to keep it. An old pick up truck used for heavy work can help protect the value of a new vehicle by minimizing wear and tear, along with depreciation. Automotive insurance companies typically offer multiple vehicle discounts.


Mortgage Calculator, Home Loan Schedule, Not a Toy, mortgage loan calculator.#Mortgage #loan #calculator


Mortgage Calculator

Intuitively, we all know taking out a mortgage will be, for almost everyone, the largest investment a person or family will make.

Further, a home loan is frequently thought of as a good investment when it is used to finance the purchase of a house or building that has a reasonable chance to appreciate in value.

But how do I know if I can afford a mortgage, is a common refrain.

Helping you answer this question is precisely the goal of this mortgage calculator. You’ll quickly notice this calculator is capable of a great deal more than just calculating a monthly mortgage payment. Spend a few minutes with it, and it will help you understand the actual cost of any potential (or existing) home loan. More below.

Need a traditional loan calculator?
Will making small, extra payments save me money?
Will paying half the monthly payment every other week save interest charges?
Not sure how much house you can afford?
Or do you need an amortization schedule where you set the dates?

The Mortgage Payment

This home loan calculator does have a lot of options. Don’t let the number of details put you off. Fortunately, if you only want to calculate a payment amount, you’ll frequently have to enter only three values while leaving the other settings and inputs unchanged. The payment calculation is as easy as this:

That’s it. Now you’ll know the principal and interest payment required to pay off the debt.

But for sure, this debt payment does not begin to cover the full cost of having a home loan. There are few other expenses, of course! And this calculator is designed to consider them all.

VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate if they have changed one of the inputs.

This behavior is by design. We want the calculator to create an amortization schedule using whatever parameters you want to use. This is a feature!

By not automatically recalculating a payment, this calculator lets those users who do not have a standard loan create a payment schedule.

ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

Of course, you can always leave the dates set as they are when the calculator loads.

A Mortgage is More Than a Payment Amount

Mortgage loan calculator

Enter Annual Appreciation Rate on option tab.

You can use this calculator to answer such questions as:

  • How much mortgage can I afford?
  • What is the mortgage payment?
  • How much money do I need to buy a house?
  • What is the down payment on a house?

Related – Need to know the exact balance of a mortgage? Then use this mortgage payoff calculator.

Mortgage loan calculator

Mortgage calculator shows $1,300 in tax savings after 2 payments.

The printable mortgage schedule has recently been upgraded to add support for the following:

  • PMI private mortgage insurance. Could be required if your loan to value (LTV) is more than 80%. That is, your down payment frequently needs to be 20% or more to avoid PMI.
  • Property Taxes are included in the escrow column on the schedule. Please be sure to enter an annual amount in the calculator.
  • Casuality Insurance is also included in the escrow column on the mortgage schedule. Again, enter an annual amount.
  • Tax Benefits shows tax savings as result of potential deduction for mortgage interest and property taxes.
  • Points calculated on the loan amount, they are reported in the first row of the schedule.

All the above are optional. That is, you may set them to 0.

Mortgage Calculator Help

Unlike our general loan or simple loan calculators, this calculator will allow you to have more than one unknown value in certain cases.

To indicate an unknown value, enter ‘0’ (zero). There must be one unknown in each group that is two unknowns are required.

You can enter the price of the real estate, the down payment percent you need, the total number of periods for which you want to borrow the money and the interest rate. When you click on Calc , the loan amount and the monthly payment will be calculated.

If you enter the loan amount and 0 for the down payment percentage, then the down payment percentage (and down payment amount) will be calculated.

If you enter 0 for the price, a down payment percentage, 0 for the mortgage amount, the total periods, the interest rate and the payment you can afford, the calculator will calculate the loan amount and the price you can afford to pay. You can use this calculation to tell you what you can afford to pay and borrow and still stay within a budget.

Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are both included under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require the PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. It is an optional input. Borrowers (normally only in USA) may select to pay a lender points up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.


Bad Credit Mortgage & Second Mortgage Toronto, Private Home Loans in Toronto, Canada Wide Financial, bad credit mortgage.#Bad #credit #mortgage


Home Loans Made Easy through Canada Wide Financial

It is disappointing and discouraging when lenders fail to approve you for a home loan in Toronto. If less than perfect credit affects your ability to get a first or second mortgage, we can help you secure the funds you need to purchase the home of your dreams.

We Qualify You When Other Lenders Do Not

Many of today’s banks and financiers have long lists of qualifications that are difficult for most people to meet. Fortunately, here at Canada Wide Financial, we do things differently when it comes to home loans in Toronto. We can qualify you for a loan in several ways, including an evaluation of your employment and income, or even of the equity in your existing home. When other lenders say no, we can help you secure a private home loan.

A Simple Process

To find out if you qualify for a private home loan in Toronto, simply fill out an application. Our underwriters will review it the very same day, and you could receive approval in as little as four to 12 hours. There are no application fees, and in the event that there is an appraisal fee, we will notify you in advance. There are no long wait times, and you will never feel left in the dark.

No Credit? No Problem

Although traditional lenders rely almost exclusively on your credit score to determine your eligibility for home loans in Toronto, we do not. In fact, we use various other criteria, including your job, your length of employment, and your income as qualifiers to help you find the funds you need. We can even help you acquire funds for a second mortgages even if you have an open bankruptcy.

The Right Private Loan for Your Needs

Whether you are interested in home loans in Toronto for bad credit, second mortgages, private mortgage refinancing, or even debt consolidation based on the equity in your home or property, we can help. We can even stop foreclosures, assist in bridge financing, and work with clients who have declared bankruptcy. Despite what other lenders say, we will work with you to discover the best solutions for your unique situation.

If you need private home loans in Toronto, look no further than Canada Wide Financial. When other lenders turn you down, do not feel discouraged. Simply fill out our application, and one of our friendly, helpful representatives will contact you within 24 hours.


Bad Credit Mortgage – Buy or Refinance Bad Credit Mortgages, bad credit mortgage.#Bad #credit #mortgage


Bad Credit Mortgage

Bad credit mortgage

Bridge delivers bad credit mortgage solutions online with VA, FHA loans and subprime refinancing for good bad credit mortgages. We provide mortgage relief options for all types of credit for residential financing. As a national lender we are one of the few lenders that work with borrowers suffering from poor credit or a lack of equity. As a bad credit mortgage lender, we make home financing available with refinancing and purchase loan solutions that help prevent people from foreclosures and payment defaults. As the economy is beginning to turn around, our underwriters are able to eliminate some of the red tape associated with bad credit mortgage programs. Don’t wait for interest rates to turn directions before solidifying your financial situation with regards to your home loan.

Quick and Easy Approvals on Mortgages for People with Bad Credit

Refinance Bad Credit and Save with Fixed Mortgage Rates and Reduced Lending Fees!

Most people are refinancing with debt consolidation loans, credit lines, but many 1st time homebuyers are taking out home purchase loans. Bridge offers bad credit mortgages for both conforming and jumbo loan amounts. Bad credit second mortgage loans are more difficult to qualify for than in previous years. Bad credit Loan options are still available with FHA and VA mortgage loans.

Limited and No Credit Home Mortgage Loans for First Time Home Buyers

Borrowers with challenged credit can choose from FHA, sub-prime mortgages or hard money if they equity. FHA continues to promote liberal refinancing with equity because they allow rate and term refinancing and purchase loans. FHA mortgages also allow people who have poor credit access to programs like the cash back refinance loan that encourages debt consolidation and refinancing adjustable rate consumer loans. VA finance solutions enable military homeowners with bad credit to refinance into a more affordable payment.

Bridge Mortgages can help you with Refinance, Purchase and Home Equity Loans.

  • Credit Scores from 500
  • 100% Single Mortgage
  • Bad Credit Refinance
  • Consolidate Bills
  • Refinance for Cash
  • State Income Available
  • Bad Credit Second Mortgage
  • Hard Money Refinancing

Can I still Refinance My Home if I have Bad Credit?

Yes!В Bridge has helped thousands of borrowers with a poor credit history get approved for great loans. We can help you with refinancing your current loan, or get you qualified for a cost effective mortgage loan. We will help you compare interest rates for several loan programs. Our bad credit lenders offer solutions for bill consolidation, home construction, and cash out refinancing.

Refinance and choose a payment type that meets your financial needs: Select from Interest Only, Negative Amortization and Fixed Rate terms with Principal and Interest Paid each month. Bridge Mortgages has the knowledge and experience to find a mortgage program that works with your credit score and equity situation. Home loan rates have maintained affordability in 2012, but how long will the low rates last?

Bridge Understands the Challenges of Refinancing Bad Credit

  • 2/28, 3/27, 5/25: Fixed Rate with Interest Only Payments Available
  • 30, 40 and 50 year fixed rate terms available
  • 15 and 30 year Traditional Rate Term Refinancing
  • 15 and 30 year Fixed Rate FHA Streamline Refinance
  • 30 and 40 year Cash Out Refinance Loans

Unfortunately, things come up in life that cause good people to make credit mistakes that can result in poor credit scores. We have loan programs that are designed to get people with bad credit back on their feet. Credit repair programs can help, but often times they can take years to reverse bad credit. Many homeowners can’t wait years to refinance, so Bridge Mortgages offers a great opportunity to rebuild your credit and save some money by consolidating some debt into your mortgage.

Question: How long does someone have to be out of a bankruptcy to qualify for an FHA loan?

Answer:В Guidelines for FHA state two years must have elapsed since the discharge of the bankruptcy. However, between one two years may be acceptable if the bankruptcy was due to unfortunate circumstances beyond the borrower’s control. The FHA underwriters will consider this exception if they believe the credit problems is unlikely to recur, and the borrower has re-established enough good credit. Late mortgage payments after a bankruptcy usually will result in your loan being rejected. Buying a home with bad credit is still an option with FHA because they only require a fico score of 500.

FHA Home Loans for Bad CreditВ – Buying a home can challenging enough, so the last thing you need is to get hassled for limited or poor credit. FHA help thousands of first time homebuyers each year secure financing with a low fixed rate 30-year mortgage. Bridge Mortgages extends credit to borrower’s 1-Day out of Bankruptcy. FHA offer similar loan guidelines as subprime mortgages without the high interest rates.

Apply for a Mortgage with Bad Credit Now!

Quick Company Home Loan Links

More Commonly Viewed Home Loan Pages from Bridge Mortgages

Specialty Home Mortgage Loan PagesВ

Get Current Home Mortgage RatesВ

*All home loan rates, pricing, underwriting requirements and other requirements subject to change at any time without notice. Home loans for bad credit, FHA, VA, USDA, conforming and jumbo loans are all subject to lender approval from a certified underwriter. Certain restrictions may apply. Actual home mortgage rates may vary based on credit scores and market conditions. ** The initial variable rate may increase after the fixed rate period and is available on a loan to purchase or refinance owner-occupied, single family residence homes only. Find out what the interest rate is when you discuss you eligibilities with one of our participating lenders.

BridgeMortgages.com provides home loan and mortgage information at no cost to you. BridgeMortgages.com is not charging or seeking fees of any kind from consumers visiting our websites. This agreement remains in effect only as long as you seek to use the services offered by BridgeMortgages.com. You may discontinue this relationship at any time, without notice, at no cost or penalty to you. BridgeMortgages.com will not act as your home loan lender or credit provider. BridgeMortgages.com will pass along your inquiry to our lending partners and our lending partners will contact you with their offers. Filling out this request or contact form puts you under no obligations. By submitting your request, you grant permission for 1 to 4 broker or lender affiliates and other business affiliates to contact you at any number or email address entered so they can help you with your request. This authorization overrides any previous registrations on a federal or state Do Not Call registry. You agree that lenders, brokers or business affiliates may use an automatic dialing system in connection with calls made to any telephone number entered, even if the telephone number is a cellular phone or other service for which the called party is charged. This website cannot guarantee the lowest mortgage rate or best terms available in the market. BridgeMortgages.com is paid from loan companies and therefore we do not charge consumers for information or referral fees in conjunction with connecting people with mortgage lenders, brokers, credit unions or banks.

Not everyone will be approved. Programs, rates and loans terms are subject to change without notice.


Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, monthly mortgage calculator.#Monthly #mortgage #calculator


Mortgage Calculator

Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

Choose a lender below and lock in your estimated payment of $ or less

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Helpful Calculators & Tools

Loan Calculator

This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

Amortization Calculator

How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

15 or 30 year mortgage?

Lets us help you decide which mortgage loan is right for you. View Calculator

Debt ratio Calculator

Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

About our Mortgage Rate Tables

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

Mortgage Calculator Help

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

The dollar amount you expect to pay for a home.

The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

Mortgage Term (Years)

This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

Mortgage Start Date

Select the month, day and year when your mortgage payments will start.

Mortgage Calculator: Alternative Use

Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

1. Planning to pay off your mortgage early.

Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

2. Decide if an ARM is worth the risk.

The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

3. Find out when to get rid of private mortgage insurance.

You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


Mortgage Calculator: Calculate Your Monthly Mortgage Payment, monthly mortgage calculator.#Monthly #mortgage #calculator


Mortgage Calculator

  • Monthly Payment (Principal and Interest)

Mortgage calculator for your home loan

This mortgage calculator will show how much your monthly mortgage payment would be, including your amortization schedule. See how much you could save by prepaying some of the principal. Find out your home loan breakdown now by using this simple and free mortgage calculator.

NOTE: This calculator updates automatically as you move from field to field using the “tab” key. If you’re entering prepayment information, click the “calculate” button to see the final results.

A mortgage amortization calculator shows how much of your monthly mortgage payment will go toward principal and interest over the life of your loan. The loan calculator also lets you see how much you can save by prepaying some of the principal.

How to use the loan amortization calculator

With HSH.com’s home loan calculator, you enter the features of your mortgage: amount of the principal loan balance, the interest rate, the home loan term, and the month and year the loan begins.

Your initial display will show you the monthly mortgage payment, total interest paid, breakout of principal and interest, and your mortgage payoff date.

Most of your mortgage loan payment will go toward interest in the early years of the loan, with a growing amount going toward the loan principal as the years go by – until finally almost all of your payment goes toward principal at the end. For instance, in the first year of a 30-year, $250,000 mortgage with a fixed 5% interest rate, $12,416.24 of your payments goes toward interest, and only $3,688.41 goes towards your principal. To see this, click on “Payment chart” and mouse over any year.

Clicking on “Amortization schedule” reveals a display table of the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year. Clicking the “+” sign next to a year reveals a month-by-month breakdown of your costs.

Click “calculate” to get your monthly payment amount and an amortization schedule.

The effect of prepayments

Now use the mortgage loan calculator to see how prepaying some of the principal saves money over time. The calculator allows you to enter a monthly, annual, bi-weekly or one-time amount for additional principal prepayment.To do so, click “+ Prepayment options.”

Let’s say, for example, you want to pay an extra $50 a month. Using the $250,000 example above, enter “50” in the monthly principal prepayment field, then either hit “tab” or scroll down to click “calculate.” Initial results will be displayed under “Payment details,” and you can see further details in either the “Payment chart” or “Amortization schedule” tabs.

You may also target a certain loan term or monthly payment by using our mortgage prepayment calculator. Of course you’ll want to consult with your financial advisor about whether it’s best to prepay your mortgage or put that money toward something else, such as retirement.

HSH.com has developed a host of other free mortgage calculators to help answer your other questions, such as, “Can I qualify for a mortgage,” “Will prepaying my mortgage help me save money,” “How large of a down payment do I really need,” “What s the best way to pay for my refinance,” and “When will my home no longer be underwater?” See all of HSH.com’s mortgage calculators.

This is the dollar amount of the mortgage you are borrowing. (Hitting “tab” after entering information in any field will automatically update the calculations.)

The loan’s interest rate. Along with the term, this is the key factor used by the mortgage payment calculator to determine what your monthly payment will be. To see where rates are right now, click on the “See today’s average rates” link to the right of the field, where you can also find offers from our advertising partners.

Mortgage loans come in a range of terms. Fixed rate mortgages are most often found in 30, 20, 15 and 10-year terms; Adjustable Rate Mortgages usually have total terms of 30 years, but the fixed interest rate period is much shorter than that, lasting from 1 to 10 years.

To get the most accurate calculations, use the month and year in which your very first mortgage payment was due (or will be due). If you don’t yet have a mortgage, the current month and year will work just fine.

This display shows the monthly mortgage payment, total interest paid, breakout of principal and interest, and your mortgage payoff date.

This display shows you the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year.

While this display table also shows you the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year, clicking the “+” sign next to a year reveals a month-by-month breakdown of your costs.

In this optional section, you can add in a regular monthly prepayment amount, re-set the calculator to show bi-weekly payments and savings, or even do a one-time prepayment to see how it affects the cost of your home loan.

Monthly mortgage calculator


Mortgage Calculators: Amortization Tables, Accelerated Payments, Biweekly Payments, mortgage calculators.#Mortgage #calculators


mortgage calculators

Mortgage calculators

Mortgage calculators

Mortgage calculators

Mortgage calculators

Lets you determine monthly mortgage payments and see complete amortization tables.

Mortgage calculatorsHow Advantageous Are Extra Payments?

By making additional monthly payments you will be able to repay your loan much more quickly. Find out how your monthly, yearly, or one-time pre-payments influence the loan term and the interest paid over the life of loan. Make additional 1/12 of monthly payments (a popular ‘do-it-yourself’ biweekly) or an additional monthly payment once a year.

Mortgage calculatorsSimple Option ARM Calculator

Computes minimum, interest-only and fully amortizing 30-, 15- and 40-year payments.

Mortgage calculatorsAdvanced Option ARM Calculator with Minimum Payment Change Cap

Allows you to create a complete option ARM loan amortization table (with standard and neg-am recasts, automatically estimated possible future index changes, various fixed payment periods, interest rate rounding to the nearest 1/8 of one percentage, and more). See what happens if you always select the minimum payment option.

< Please see: Using Pay Option ARM Calculator

Mortgage calculatorsWhich ARM Index Is Better?

Mortgage calculatorsMortgage Pre-Qualifier

Mortgage Pre-Qualifier will determine the income required to qualify for the particular loan using the specified qualifying ratios.

Mortgage calculatorsHow Much Can You Borrow?

The calculator lets you see how various changes to your income, liabilities, and mortgage terms affect the loan amount you can borrow.

Mortgage calculatorsBlended Rate Calculator

Calculates a first and second mortgage blended rate.

Mortgage calculators‘True bi-weekly’ payment calculator

Prints yearly amortization tables. With bi-weekly payments, you pay half of the monthly mortgage payment every 2 weeks, rather than the full balance once a month. This is comparable to 13 monthly payments a year, which can result in faster payoff and lower overall interest costs.

Mortgage calculatorsAnother ‘true bi-weekly’ payment calculator

Builds complete bi-weekly amortization tables.

Mortgage calculatorsTrue bi-weekly vs standard bi-weekly

Shows how much you will save if you calculate interest for two-week intervals and apply the bi-weekly payments less the interest to reduce principal every two weeks, instead of having your money withdrawn from your bank account every two weeks by your lender and making a full mortgage payment once a month plus one additional payment once a year out of a special account, managed by the lender. Complete amortization tables are available.

Mortgage calculators