How To Get Off To A Great Start With A Mortgage Calculator
No matter where your search for a new home takes you, you should start your journey with a mortgage calculator.
There are many types of home loan calculator which can tell you all sorts of useful information, from how much you can borrow to what your stamp duty costs will be.
The great thing about using them is that you can try out a number of different ‘what-if’ scenarios and see what consequences they would have.
For example, you can find out what would happen if you were to make extra repayments on your mortgage.
A mortgage calculator will show you how this will reduce the term of your mortgage and how much less interest you will pay overall.
Similarly, instead of having to evaluate different home loans individually, you can compare two loan structures directly with a loan comparison calculator.
By performing a direct comparison you can see which loan will cost you more per month in repayments. You’ll also be able to discover which will save you more over the term of your mortgage.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.